Cost accounting information, such as the valuation of ending inventory, is shown on external financial statements.

Name: Cost accounting information, such as the valuation of ending inventory, is shown on external financial statements.
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Question

Quizplus · Accepted Answer

Cost accounting information, including the valuation of ending inventory, is used in preparing the balance sheet, which is part of the external financial statements, to report the value of inventory held by a company at the end of an accounting period.

Cost Accounting Information, Such as the Valuation of Ending Inventory