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Jackie Burgin
on Nov 15, 2024

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The physical inventory count is used to determine

A) cost of inventory purchased during the period.
B) cost of inventory sold during the period.
C) the cost of inventory on hand.
D) the cost of goods available for sale.

Physical Inventory Count

A physical inventory count is the process of manually counting all merchandise or stock in a business to verify records and manage inventory levels.

Cost Of Inventory

The total cost incurred to acquire, produce, and place inventory items available for sale, including purchase price, shipping, handling, and storage.

  • Identify the significance of physical inventory counts and their impact on inventory valuation.
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Zulfukar OzdoganNov 20, 2024
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