List and explain five different types of cost and give the


Question: 1. List and Explain five different types of cost and give the reason why we need to know types of the costs based on the readings.

2. List and Explain types of companies and types of Inventories based on the readings. How is inventory different from Manufacturing companies compare to Merchandising companies.

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Accounting Basics: List and explain five different types of cost and give the
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