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Old January 7, 2013, 12:05 PM   #23
OPC
Senior Member
 
Join Date: January 9, 2007
Posts: 124
Quote:
Managerial Accounting 101:

Business do not sell products base on the their cost of that product, but based on the cost of replacing that product that is sold.

Inventory: Base your sales on what it will cost to replace inventory.
Interesting tid-bit I was unaware of. Thanks for that.
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José
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