Question: Question 2: The accounting for inventory involves determining the correct unit counts comprising ending inventory, and then assigning a value to those units. The resulting

Question 2: The accounting for inventory involves determining the correct unit

Question 2: The accounting for inventory involves determining the correct unit counts comprising ending inventory, and then assigning a value to those units. The resulting costs are then used to record an ending inventory value, as well as to calculate the cost of goods sold for the reporting period. Describe an details example for accounting for inventory. (10 Marks)

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