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Product Cost Vs Certified Public Accountant

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Product cost is described as the cost used to create a product or service. As stated in the video, it depends on who we ask concerning product cost, an IRS agent would have a different perspective than a Certified Public Accountant (CPA). To put it differently, an IRS agent may view product cost for new and future revenue in terms of income taxes. The IRS agent may suggest a business owner to put more cost in the product to increase inventory, the more the IRS agent can defer inventory the more can be documented for current and future tax periods. This may sound a little unethical, but as an individual who has taken a few courses in income tax filing this is considered smart business advice.
From the perspective of the CPA product cost is
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