The inventory valuation method that identifies each item in ending inventory with a specific purchase and invoice is the:

A. Specific identification method.
B. First-in, first-out method.
C. Weighted average inventory method.
D. Retail inventory method.
E. Last-in, first-out method.


Answer: A

Business

You might also like to view...

Which of the following is NOT a component of a habit, according to Steven Covey?

A. knowledge B. rewards C. skill D. desire

Business

Which one of Lewin’s basic change model stages is the most difficult and stressful part of the change process?

a. Reconstructing b. Unfreezing c. Transforming d. Refreezing

Business

Mark reviewed his homeowners policy. He learned that his personal property was insured on an actual cash value basis

He would like replacement cost coverage on his personal property. He contacted his agent who said, "I'll simply add an amendment to your contract that changes the basis of recovery to replacement cost." The written provision the agent was referring to is called a(n) A) endorsement. B) coinsurance clause. C) binder. D) deductible.

Business

There are three key elements when defining a marketing research problem. One of these is ________.

A. determine how to collect data B. evaluate previous research results C. identify data needed for marketing actions D. specify the objectives E. identify possible marketing actions

Business