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The most appropriate basis for apportioning inventory holding cost among departm...


Question

The most appropriate basis for apportioning inventory holding cost among departments is to use the value of

Options

A)
purchases
B)
opening stock
C)
closing stock
D)
average stock

The correct answer is B.

Explanation:

In accounting, opening stock is the amount and value of products or materials that a company has available for sale or use at the beginning of an accounting period.


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Dicussion (1)

  • In accounting, opening stock is the amount and value of products or materials that a company has available for sale or use at the beginning of an accounting period.

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