1) Use Marginal costing to calculate the total value of the finished goods inventory at the end of the period. 2) Many firms have decided to use marginal costing to prepare the income statement. Please briefly explain the benefits of using marginal costing.
1) Use Marginal costing to calculate the total value of the finished goods inventory at the end of the period. 2) Many firms have decided to use marginal costing to prepare the income statement. Please briefly explain the benefits of using marginal costing.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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I would like to get answers for a) 1 and 2
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Transcribed Image Text:1) Use Marginal costing to calculate the total value of the finished goods inventory at the end of the period.
2) Many firms have decided to use marginal costing to prepare the income statement. Please briefly explain
the benefits of using marginal costing.
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