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11 June, 11:20

Which of the following inventory costing methods shown below is required by GAAP (Generally Accepted Accounting Principles) for external financial reporting? absorption costingvariable costingthroughput costingdirect costing

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  1. 11 June, 13:21
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    Answer: the correct answer is absorption costing.

    Explanation: Absorption costing is a costing method that takes into account all costs related to manufacturing a particular product.
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