Village Company does not record the value of its by-product until it is sold. Typically, the by-product
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Village Company does not record the value of its by-product until it is sold. Typically, the by-product accumulates for several months before sale. When it is sold, the sales proceeds are credited to the Work in Process—Sedimentation Department, in which the by-product is created and extracted. Give reasons why this method for accounting for a by-product might be undesirable.
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Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
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Related Book For 
Cost Accounting Principles And Applications
ISBN: 9780028034287
6th Edition
Authors: Horace R. Brock, Linda Herrington
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