Explain Why Backflush Costing Does Not Strictly Adhere to Generally

question 54

Essay

Explain why backflush costing does not strictly adhere to generally accepted accounting principles and describe the types of businesses that might use backflush costing.
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Definitions:

Skepticism

An attitude of doubt or a disposition to incredulity either in general or toward a particular object.

Message

A piece of information or communication sent from one person to another.

Clear

Easily understandable, without ambiguity or confusion.

Context

The circumstances or background information surrounding an event, idea, or statement that influences its meaning or understanding.