AAANSWER BOTH QUESTIONS

1. Dealing with overhead cost is very important especially for the determination of inventory valuation and profit. Compare the absorption costing and marginal costing methods of inventory valuation. Your comparison should include separation of cost, inventory valuation and profit of each method
2. Discuss different types of cost associated with inventory, and the methods that companies can apply to control these costs.

Total word-count should not exceed 2,000 words (excluding references).