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A manager says According to AASB 102 inventories, product costs used for inventory valuation or cost reimbursement need to be based on current costs, which

A manager says "According to AASB 102 inventories, product costs used for inventory valuation or cost reimbursement need to be based on current costs, which are objective and verifiable.
Therefore, product costs are not useful for and relevant to our decision making process for the future operational plan. Especially our business is small.We don't need to implement a comprehensive product costing system.
Agree or disagree with explanations in detail.

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