Originally, the SAT I was meant to test aptitude and the SAT II was meant to test achievement. That is to say, one tested what you were capable of and the other tested what you knew. But when the College Board moved away from the idea that the SAT I tests innate ability, they framed it as a reasoning test, making the difference between the two less defined.
With the latest changes, the SAT I (now just the SAT) is more focused than ever testing knowledge rather than logic. At this point, I would say that the SAT tests general knowledge and and the Subject Tests assess topical knowledge.
The cost of ending inventory at the conclusion of an accounting period is calculated using the weighted average inventory costing method.
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How is the cost of discontinuing inventory calculated?</h3>
- The cost of ending inventory at the conclusion of an accounting period is calculated using the weighted average inventory costing method. The idea behind this approach is to give all inventory units an average cost.
- In this scenario, the average of the purchase costs from April 5 to April 22 would be taken and multiplied by the number of remaining units to get the cost of the ending inventory on the balance sheet.
- The five pieces cost a total of $69 ($10 + $12 + $14 + $16 + $17) between April 5 and April 22. The remaining four units would make up the ending inventory as one unit was sold on April 25.
- Therefore, $17.25 ($69 divided by 4) would be the price of the closing inventory. As the cost of the ending inventory, this sum would be shown on the balance sheet.
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A. He is shy. I read the book so many times.
