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The Least Accurate but Easiest to Apply Method of Cost

question 177

Short Answer

The least accurate but easiest to apply method of cost assignment is the __________ method.


Definitions:

Items & Services

The goods sold and tasks performed for clients or customers that are offered by a business.

Vendor Transaction

A vendor transaction is any business activity or exchange of goods, services, or financial assets between a company and its vendors or suppliers.

Make Deposits

The act of placing money into a financial account.

Pay Bills

The process of settling amounts owed for purchases, services, or utilities to vendors or suppliers.

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