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This post addresses a cost accounting question.

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A ______________ records manufacturing activities using a perpetual inventory system, which continuously updates records for costs and materials, goods in process, and finished goods inventory.
Answer
A. none of the other answers
B. job cost sheet
C. job lot
D. cost accounting system

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Solution Summary

The solution provides the correct answer to the following multiple choice study question,
A ______________ records manufacturing activities using a perpetual inventory system, which continuously updates records for costs and materials, goods in process, and finished goods inventory.

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Financial Accounting Standards Board Codification

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1. Identify whether the analysis of expenses in profit or loss is presented by nature or function.

2. Identify the alternative performance (operating) measures presented in the statement of comprehensive income and document conclusions with regard to the appropriateness of the various performance measures.

3. Discuss any additional issues you have identified or other observations.

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