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A company sold 82,000 units of its single product in a period in which 84,000 units were manufactured. Consider the following statements: (1) Inventory value
A company sold 82,000 units of its single product in a period in which 84,000 units were manufactured. Consider the following statements: (1) Inventory value at the end of the period would be higher than at the beginning of the period. (2) Inventory values both at the beginning and at the end of the period would be higher using absorption rather than marginal costing.Are the statements TRUE or FALSE in relation to the situation described? *
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