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Question 3 a. How do managers assign costs to cost objects? (4 marks) b. How should costs be estimated? (4 marks) c. How do manufacturing

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Question 3 a. How do managers assign costs to cost objects? (4 marks) b. How should costs be estimated? (4 marks) c. How do manufacturing companies categorize inventories? (4 marks) d. Distinguish between inventoriable cost and period cost? (4 marks) e. Define product cost and explain purposes for computing product costs. (4 marks)

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