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By the end of this session you should be able to:

  • apply marginal and absorption techniques in order to calculate profit or value inventory
  • reconcile the total profit between these costing systems
  • compare and contrast the systems
  • determine and evaluate pricing decisions which are based on cost

 

and answer questions relating to these areas.

 

The underpinning detail for this Chapter in your Notes can be found in Chapters 1 of your Study Text