In order to "come up" with COGS, what should the company know?
Answer:
- gross profit percentage rate
- net sales to date.
In order to "come up" with COGS, what should the company know?
Answer:
- gross profit percentage rate
- net sales to date.
Accounting MCQ
Inventory Valuation of LCNRV & LCM Method
In order to "come up" with COGS, what should the company know?
Answer:
- gross profit percentage rate
- net sales to date.
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