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GrogVix [38]
2 years ago
11

The inventory costing method that identifies each item in ending inventory with a specific purchase and invoice is the:______.

Business
1 answer:
Aneli [31]2 years ago
6 0

The inventory valuation method that identifies each item in ending inventory with a specific purchase and invoice is the: Weighted average inventory method.

<h3>What is Weighted average inventory method?</h3>

The COGS and inventory amounts are determined using a weighted average in the Weighted Average Cost (WAC) technique of inventory valuation in accounting. The weighted average cost method divides the price of the items up for grabs by the quantity of them. Under IFRS accounting as well as GAAP, the WAC approach is acceptable. Beginning inventory value plus acquisitions are used to compute costs of products that are offered for sale.

The number of units a business can sell, or the total number of units in inventory, is determined by adding the beginning inventory in units plus the purchases in units.

To learn about Weighted average inventory method from the link:

brainly.com/question/13860881

#SPJ4

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Answer:

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The contract is considered as 'valid' and considered to be a verbal agreement as soon as Rachel proposed a price and Julius agreed upon it.

One thing to remember, Even though this contract is considered as valid , it would be hard for Julius to held Rachel accountable to court since he has no way to proof that the verbal agreement has been made.

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3 years ago
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3 years ago
You want a seat on the board of directors of Four Keys, Inc. The company has 265,000 shares of stock outstanding and the stock s
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Answer:

44,167.67 shares

Explanation:

Given that

Number of shares of stock outstanding = 265,000

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3 years ago
If during 2009, the country of Sildavia recorded a GDP of $65 billion, interest payments of $15 billion, imports of $13 billion,
Vitek1552 [10]

Answer:

$36 billion

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The computation is shown below:

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3 years ago
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