Hardware and Software Acquisition Costs Account for About ________ Percent

question 39

Multiple Choice

Hardware and software acquisition costs account for about ________ percent of TCO.

• A)20
• B)40
• C)50
• D)75
• E)90

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Definitions:

LIFO

Last In, First Out; an inventory valuation method where the most recently produced items are recorded as sold first.

Inventory Costing Method

Refers to the techniques or formulas used by businesses to assign costs to their inventory and determine the cost of goods sold, such as FIFO, LIFO, or weighted average methods.

First-In First-Out (FIFO)

First-In, First-Out (FIFO) is an inventory management and valuation method where goods produced or acquired first are sold, used, or disposed of first.

Ending Inventory

The total value of all the goods a company has in stock at the end of a financial period, which have not yet been sold or used in production.