If a Business Builds and Sells Yachts,the Logical Method for Computing

question 48

Multiple Choice

If a business builds and sells yachts,the logical method for computing the cost of goods sold is

• A) LIFO.
• B) average cost method.
• C) specific identification method.
• D) FIFO.

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Definitions:

Alcohol

A chemical compound commonly found in beverages such as beer, wine, and spirits, characterized by its psychoactive and intoxicating effects.

Reticular Activating System

A network of neurons in the brainstem that regulates wakefulness and sleep-wake transitions.

Sedatives

Drugs that have a calming effect, reduce nervousness, and help induce sleep by depressing the central nervous system.

Central Nervous System Stimulant

A class of drugs that increase brain activity, leading to increased alertness, attention, and energy.