Unit cost information is needed for

Name: Unit cost information is needed for
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

Unit cost information is needed for all three purposes: costing inventory, financial reporting requirements, and decision making. Costing inventory requires an accurate calculation of the cost of goods sold and ending inventory. Financial reporting requirements include the disclosure of unit costs in financial statements. Decision making requires knowledge of the costs of various alternatives to make informed choices.

Unit Cost Information Is Needed for