Question: What is the cost flow assumption? What is meant by the physical flow of goods? What relationship exists between cost flows and the physical flow

What is the cost flow assumption?

What is meant by the physical flow of goods?

What relationship exists between cost flows and the physical flow of goods in a company?

To place the proper valuation on inventory, a business must determine which costs should be included in inventory cost. Getting goods ready to sell should include what items?

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