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Sergio [31]
1 year ago
14

Which inventory costing method generally results in the most recent costs being assigned to ending inventory?

Business
1 answer:
BaLLatris [955]1 year ago
3 0

FIFO  inventory costing method generally results in the most recent costs being assigned to ending inventory.

Inventory costing also referred to as stock cost accounting is when groups assign expenses to merchandise. these fees additionally consist of incidental costs consisting of the garage, management, and market fluctuation.

Stock price control has many aspects, such as financing, device, labor, shielding measures, coverage, handling, obsolescence, losses via pilferage, and the possible value of selecting to deal with an inventory. these elements all integrate to create the full price of conserving inventory costs.

The inventory cost method consists of starting stock cost, ending inventory cost, and purchase expenses over a fixed time period. more succinctly, it seems like: stock cost = [beginning inventory + inventory purchases] - finishing stock.

Learn more about inventory costing here:

brainly.com/question/6640325

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2 years ago
Wilson states, "Culture is important to me. Our culture is based on accountability, camaraderie, and results. I’ve moved from fi
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Answer:

Self nurturing

Explanation:

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6 0
3 years ago
In 2019, Alliant Corporation acquired Centerpoint Inc. for $548 million, of which $98 million was allocated to goodwill. At the
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Answer:

$48 million

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In mathematically,  

= Book value including goodwill - fair value  

= $450 million - $402 million

= $48 million

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6 0
3 years ago
Jarvis is a coffee farmer who wants to hedge his entire coffee crop that will be harvested by September. The December coffee con
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Answer: Sell four December coffee future contracts at $2.00 per pound

Explanation:

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= 150,000/37,500

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6 0
3 years ago
When recording depreciation, which of the following statements is true?
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Answer:

D. None of the above are true.

Explanation:

As while recording depreciation, the total assets is decreased and the stockholder equity is also decreased as depreciation is a contra asset account

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The journal entry is shown below for better understanding

Depreciation Expense A/c XXXXX

To Accumulated Depreciation XXXXX

(Being depreciation expense is recorded)

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3 years ago
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