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Under Standard Costing, and assuming a perpetual inventory system, when are standard costs of inventory transferred to Cost of Goods Sold? a During year-end closing
Under Standard Costing, and assuming a perpetual inventory system, when are standard costs of inventory transferred to Cost of Goods Sold?
a | During year-end closing |
b | At the end of each month |
c | As products are sold |
d | When variances occur |
e | None of the above |
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