Managing inventory costs is important to the firm be cause inventory produces no value for the

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Managing inventory costs is important to the firm be¬ cause inventory

• produces no value for the firm until it is sold.

• can hide inefficiencies in production activities.

• is a significant investment.LO.1

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Cost Accounting Foundations And Evolutions

ISBN: 9780324235012

6th Edition

Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn

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