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What are the three categories of product costs that flow through the work-in-process inventory account? Describe each one. When is the cost of goods sold
- What are the three categories of product costs that flow through the work-in-process inventory account? Describe each one.
- When is the cost of goods sold account (often called cost of sales) used, and how is the dollar amount recorded in this account determined?
- How do the treasurers responsibilities differ from those of the controller?
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