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Sagot :
The statement is true. The costs attached to the products that have not been sold are included in ending inventory on the balance sheet.
The ending Inventory formula calculates about the value of goods available for sale at the end of an accounting period. Usually, it is used recorded in the balance sheet at a lower cost or the market value. It is also Known as Closing Stock. It includes the products getting processed or are being produced but not sold. The ending inventory figure is recorded under the assets column in a company's balance sheet. The value of the asset reflects about the current cost of goods held for sale in the future periods.
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