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Learn wiley plus with free interactive flashcards choose from 500 different sets of wiley plus flashcards on quizlet. Chapter 1 basic cost concepts learning objectives • to understand the meaning of different costing terms to understand different costing methods • to have a basic idea of different costing techniques • to understand the meaning of cost sheet in order to determine and take a dispassionate view about what lies beneath the surface of accounting figures, a financial analyst has to make use. The assembly dept started the month with 78,000 units in its beginning wip an additional 254,000 units were transferred in from the prior department during the month to begin processing in the assembly dept. 2 higher-level thinking intended learning outcomes: solutions will focus primarily on identifying problems, developing viable solutions, and making decisions based upon appropriate criteria.
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