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Which of the following cost are not included in finished goods inventory quizlet?[D] Under absorption costing, VARIABLE AND FIXED SELLING AND ADMINISTRATIVE EXPENSES would not be included in finished goods inventory.
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What type of account is finished goods inventory quizlet?The three inventory accounts ("raw materials", "work-in-process", and "finished goods") are all asset accounts and together they make up the total "Inventory" that is reported on the company's Balance Sheet.
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