LO2 Explain how costs are presented in financial statements 1 Name the type of outlay cost for a manufacturing company that gets recorded as inventory before the product is sold On which financial statement do these costs appear before the product is sold On which financial statement do these costs appear after the product is sold What is the term used to describe these costs on this statement List the 3 types of this cost and label them as direct or indirect 1 2

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Explain how costs are presented in financial statements Name the type of outlay cost for a manufactu... View the full answer