Question $19($Mandatory$)(1$ point$)$

The costing of inventories at standard cost for external financial statement reporting purposes is

A$)$ not permitted.

B$)$ preferable to reporting at actual costs.

$16$

$17$

$18$

C$)$ in accordance with generally accepted accounting principles if significant differences exist between actual and standard costs.

$19$

$20$

$21$

D$)$ in accordance with generally accepted accounting principles if significant differences do not exist between actual and standard costs.