Which of the following inventory costing methods yields the lowest cost of goods sold during a period of rising inventory costs?
A) specific identification
B) weighted-average
C) last-in, first-out
D) first-in, first-out
D
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One of the primary activities of Perez, Inc. is to purchase hats from Toppers, Inc. in Texas and sell them to its customers in New York for a profit. It is likely that Toppers is a ________.
A) manufacturing company B) hybrid company C) service company D) merchandising company
According to the Core Principles of Professional Selling, the honesty of your sales presentation will convince people that you can be trusted.
Answer the following statement true (T) or false (F)
Both B2C and B2B e-commerce companies are making sure that only authorized individuals are allowed to access a site and place an order. These companies are concerned with ________
A) single sourcing B) straight rebuys C) security issues D) private exchanges E) search engines
When a firm's credit standards is relaxed ________
A) its sales is expected to decrease with corresponding increase in costs B) its costs is expected to decrease with corresponding decrease in sales C) its costs is expected to increase faster than sales if the standards are not relaxed D) its profit contribution from sales will be greater than the cost contribution