Which of the Following Cost Formulas Would Be Most Appropriate

question 24

Multiple Choice

Which of the following cost formulas would be most appropriate for costing an inventory of liquids stored in tanks?

• A)weighted-average
• B)FIFO
• C)periodic
• D)perpetual

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Definitions:

Deep Palpation

a method of examining the body by applying pressure with the hands to deeply feel organs or tissues.

Spleen

An organ located under the ribcage and above the stomach in the left upper quadrant of the abdomen, playing a vital role in immune response and blood filtration.

Phonemes

The tiniest sounds in languages that have the power to differentiate words.

Language

A structured system of communication, consisting of spoken, written, or gestured symbols that are used to convey meaning and thought.