Product costs may be used for which of the following purposes?
i. Valuation of inventories
ii. Management decision making
iii. Pricing decisions
iv. Cost control
A) i and ii
B) ii, iii and iv
C) i, ii and iii
D) All of the given answers

Question

Quizplus · Accepted Answer

Product costs are important for all the given purposes including inventory valuation, management decision making, pricing decisions, and cost control. Therefore, all the given answers are correct.

Product Costs May Be Used for Which of the Following