One thing to remember with dealing with inventory in this class, is that, inventory becomes even more involved and difficult when dealing with a manufacturer, who uses managerial accounting. What do you thing managerial accounting is going to be like? Of course, first, we have to get through this class. This class will involve some methods of this and that. In financial accounting, a company sometimes can choose between $2$ or more methods. Main points, they have to include notes to their financial statements letting users know which method. Why?

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Managerial accounting is a branch of accounting that focuses on providing information and analysis t... View the full answer