Which of the Following Costing Methods of Valuation Are Acceptable

question 74

Multiple Choice

Which of the following costing methods of valuation are acceptable in a job-order costing system?

• A) yes yes no yes
• B) yes no yes no
• C) no yes yes yes
• D) yes yes yes yes

Understand how transactions are recorded in journals and ledgers, and the importance of consistency in account titles.

Distinguish between the process of journalizing and posting.

Comprehend the role of retained earnings in the trial balance and how it represents the beginning period balance.

Grasp the sequential steps of the recording process, starting with the transaction entry into the general journal.

---

Definitions:

Aseptic Technique

A set of practices in healthcare and laboratory environments aimed at preventing contamination by pathogens, to minimize the risk of infection.

Sterility

The state of being free from living microorganisms; in a medical context, it refers to materials or environments that have been made sterile to prevent infection.

Surgical Procedure

A medical intervention involving an incision with instruments; performed to repair damage, arrest disease, or improve body function.

Forceps

A medical instrument used to grasp, manipulate, or extract tissue or objects during surgical procedures.