Unit cost is important information for which of the following?
A)valuing inventory
B)determining income
C)decision making
D)all of the above

Question

Quizplus · Accepted Answer

Unit cost is important information for valuing inventory as it determines the cost of goods sold and closing inventory in a period. It is also important for determining income as it affects the calculation of gross profit and net income. Lastly, unit cost is critical in decision making, such as setting prices or determining which products to prioritize.

Unit Cost Is Important Information for Which of the Following