Cost accounting systems are used to:
A)Accumulate production and period costs and assign them to products or services.
B)Accumulate production costs and assign them to products or services.
C)Accumulate period cost and assign them to products or services.
D)Accumulate production costs and assign them to Raw Materials Inventory.
E)Analyze efficiency and effectiveness of inventory management.

Question

Quizplus · Accepted Answer

Cost accounting systems are primarily used to accumulate production costs and assign them to products or services, helping in determining the cost of goods sold and inventory valuation.

Cost Accounting Systems Are Used To