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Determining appropriate product costs is essential to reporting

Author:
January 1st, 2018

Determining appropriate product costs is essential to reporting a reliable inventory valuation. Fraud examiners have indicated that scams that involve product costs and expenses are relatively easy to detect. Based on our readings and, possibly, your experience, discuss some ways in which you think accounting fraud could be committed through product costing. 1-2 paragraphs please.

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