By the end of this module you’ll understand the problems of using a traditional, standard cost approach to inventory valuation including the impact overproduction can have when traditional cost accounting is performed.
Introduction to Lean Accounting
Value Stream Costing - Part 1
Value Stream Costing - Part 2
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Product Costs and Decisions
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Next Video Lean Inventory Valuation
In this module we’d like to share some good news. There is another, lean friendly, way to perform inventory valuation.