DrKwan,a Professor at a Local University,has Been Working with the Union

question 9

Multiple Choice

Dr.Kwan,a professor at a local university,has been working with the union leaders and management at XYZ Corporation to help the two sides resolve differences over desired wage levels for a new contract.First,he met with each side privately to determine any common ground for agreement.For the past week,he has worked with representatives from each side to promote communication and compromise at the bargaining table.Dr.Kwan is a(n) :

• A)arbitrator.
• B)shop steward.
• C)mediator.
• D)fact finder.

Understand the effects of using different inventory cost formulas like FIFO, average cost, and specific identification under varying market conditions.

Recognize the factors that influence the inclusion of goods in the physical count of inventory.

Understand the accounting treatment for goods held on consignment.

Distinguish between the cost of goods sold and the cost of goods available for sale.