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vredina [299]
3 years ago
13

the inventory method that will always produce the same amount for the cost of goods sold in a periodic invenotry system as

Business
1 answer:
liraira [26]3 years ago
4 0

Answer:

FIFO.

Explanation:

Note: This question is not complete. The complete question is therefore given before answering the question as follows:

The inventory method that will always produce the same amount for cost of goods sold in a periodic inventory system as in a perpetual inventory system would be:

FIFO.

LIFO.

Weighted average.

None of these answer choices is correct.

The explanation to the answer is now given as follows:

First-in, first-out (FIFO) is an inventory method under which the oldest inventory items are recorded in the account as being issued or sold first.

A periodic inventory system refers to an inventory valuation method under which there is an update to the inventory account at the end of an accounting period instead of after every sale and purchase of inventory items.

A perpetual inventory system to an inventory valuation method under which there is an update to the inventory account after every sale and purchase of inventory items. This is done by using computer softwares such as computerized point-of-sale systems and enterprise asset management software.

When FIFO inventory method is being used, both the periodic inventory system and perpetual inventory system will always produce the same amount for cost of goods sold.

Based this explanation, the correct option for this question is FIFO.

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Gnom [1K]

Answer:

• It could prevent a will from going into probate

•It avoids confusion if the primary beneficiary on dies first

•It allows for another option if the primary beneficiary cannot inherit it

Explanation:

A Secondary beneficiary otherwise known as contingent beneficiary is a person or an entity who has been named in a Will, insurance policy or trust to inherit assets therein should the main or primary beneficiary dies before the grantor.

Secondary beneficiary is important because should the primary beneficiary dies first, he is entitled to the benefits therein inorder to avoid confusion as to who should inherit the deceased's assets. It is also important because it provides other option where the primary beneficiary is not able to inherit the will i.e not found at the time of grantor's death or disclaim inheritance in the will, the secondary beneficiary inherits same and also prevent the will from going into probate i.e allowing it to pass through the court process which is oftentimes time consuming .

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3 years ago
Supply chain analytics programs have many objectives that, if realized, would
natali 33 [55]

Answer:

Explanation:

A. mean higher prices for customers but will lead to greater customer satisfaction

B. mean higher prices for customers and thus lower customer satisfaction

C. offer lower prices for customers but lead to lower customer satisfaction

D. offer lower prices for customers and lead to greater customer satisfaction

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Acc 450 the auditors' primary means of obtaining corroboration of management's information concerning litigation is a?
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An independent auditor can verify the legal information provided by management with the aid of a letter of inquiry. It is a method through which the auditors confirm or acquire a full explanation of the topics they wish to confirm from legal counsel or attorneys general.

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1 year ago
Baltimore Automotive Corp. has provides the following information for the year: Budgeted production for the year 20,000 units Es
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Answer:

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Explanation:

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Budgeted Variable overhead Cost rate per unit will now become = $10 per Machine Hour x 1.33 units per machine hour = $13.3/Unit of production

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