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For Inventoriable costs to become expenses under the matching principle, a.) Product must be finished and in stock b.) Product to which they attach must
For Inventoriable costs to become expenses under the matching principle,
a.) Product must be finished and in stock
b.) Product to which they attach must be sold
c.) Product must be expensed based on its percentage of completion
d.) All accounts-payable must be settled
And why?
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