1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
skelet666 [1.2K]
3 years ago
10

The inventory costing method that reports the earliest costs in ending inventory is:_______

Business
1 answer:
nikdorinn [45]3 years ago
4 0

Answer:

a. LIFO.

Explanation:

The LIFO method refers to an inventory method that means the item which is last purchased should be sold first during the period of time. So in this inventory method the earliest cost in the closing inventory should be recorded

Therefore the given situation, the correct option is a.

And, the other options are wrong

You might be interested in
Sales and cost data are promising internal secondary data for many research problems. In B2B contexts, the______ is a gold mine
Alona [7]

Answer:

The correct answer is letter "A": Sales invoice.

Explanation:

In a Business-to-Business (B2B) transaction sales invoices are provided to record the goods or services exchanged between entities or the record the services rendered from one company to the other. The information included in the invoice reflects the details of the operation such as <em>good or service acquired, quantity, date, </em>and <em>price</em>. This feed could help businesses to predict the future behavior of the other entity or to provide profitable suggestions to them.

4 0
3 years ago
The income section of a budget will include your
Oksanka [162]
I think the answer is D
3 0
2 years ago
The general term for the payments for the use of resources is ______?
Zielflug [23.3K]
A. Wages is the general term for the payments for the use of resources
6 0
2 years ago
What are similarity and difference between delayed payment and trade credit?
LekaFEV [45]

Answer:

Delayed Payment means a purchase by a buyer in which title to the grain passes to the buyer at a determined price and payment to the seller is not made in less than twenty-one (21) days after delivery.

4 0
3 years ago
Read 2 more answers
Lake Co. receives nonrefundable advance payments with special orders for containers constructed to customer specifications. Rela
klasskru [66]

Solution :

We calculate the advances form the customer to be reported as the current liability as on Dec. 31, 2009 in the balance sheet as follows :

          <u>  Particulars  </u>                                                               <u>  Amount ($)</u>

Customer advances the balance Dec 31, 2008                           110

Add : advances that is  received with 2009 orders is                 195

Less : advances applicable to the orders in 2009                      -180

Less : advances from orders that are canceled in 2009          <u>  -45  </u>

Advances from the customers liability Dec. 31, 2009                  80

Therefore, the advance from the customer to be reported in the balance sheet as the current liability is $80.

6 0
2 years ago
Other questions:
  • Which element could help a blog become more engaging?
    14·1 answer
  • This question tests your knowledge of what activities are included in calculating GDP. Decide for each item whether it is part o
    11·1 answer
  • Check my work Check My Work button is now disabledItem 5Item 5 6 points The aftertax cost of debt: Multiple Choice varies invers
    13·1 answer
  • Craigmont company's direct materials costs are $3,000,000, its direct labor costs total $7,000,000, and its factory overhead cos
    10·1 answer
  • Which of the following terms refers to a regulatory agency that seems to serve, rather than oversee, the interests it monitors?
    13·1 answer
  • The five main phases of a project include pre-planning, planning,__________,__________, and closing.
    5·2 answers
  • TCBW last year had an average collection period (days sales outstanding) of 33 days based on accounts receivable of $350,000. Al
    15·1 answer
  • Describe how an unrelated tenant in common or joint tenant should protect him- or herself from potential liability (for negligen
    12·1 answer
  • The relationship between the elasticity of product demand and the elasticity of demand for labor employed in its production is s
    8·1 answer
  • Nano electronics company produces two products, resistors and transistors in a small manufacturing plant which had total manufac
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!