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What product costs are measured in cost management and financial accounting?

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What product costs are measured in cost management and financial accounting?
posted Nov 2, 2017 by Anurag Kashyap

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1 Answer

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Cost accounting compiles the costs of raw materials, work-in-process, and finished goods inventory.

Record the details for each product, process, job or contract. Financial accounting incorporates this information into its financial reports, primarily into the balance sheet. To show overall costs and profit gains or losses.

answer Nov 3, 2017 by Prachi
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