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Which of the following statements about inventory costs is true? Multiple Choice Factory overhead consists of manufacturing costs other than direct materials and direct labour.
Which of the following statements about inventory costs is true? Multiple Choice Factory overhead consists of manufacturing costs other than direct materials and direct labour. Purchases discounts increase sales revenue to arrive at net sales. FIFO Reserve is a contra sales account for the excess of FIFO over weighted-average inventory. Net realizable value is the expected sales price plus selling costs
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