Which assumed inventory cost flow method: (a) usually parallels the actual physical flow of merchandise? select a method (b) div

Question

3 years ago

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Which assumed inventory cost flow method: (a) usually parallels the actual physical flow of merchandise? select a method (b) div

ides cost of goods available for sale by total units available for sale to determine a unit cost? select a method (c) assumes that the latest units purchased are the first to be sold?

Business

1 answer:

Ronch [10] · Answer 1 · 2022-03-25T16:06:18+03:00

Answer:

A) Specific Identification usually parallels actual physical flow of merchandise because in this method inventory is calculated by a detailed physical count.

B) Weighted average cost is the inventory method in which cost of goods available for sale is divided by total units available for sale to determine a unit cost.

C) LIFO(Last in First out) method assumes that the latest units purchased are the first to be sold

Explanation: