If the Cost of Materials Decreased from June to July

question 18

Multiple Choice

If the cost of materials decreased from June to July, which of the following statements would be true? (Assume all other factors are held constant.)

• A)Only the FIFO method would result in a decrease in the unit cost for July.
• B)Only the weighted average method would result in a decrease in the unit cost for July.
• C)Both the weighted average method and the FIFO method would result in a decrease in the unit cost for July; however, the FIFO method would result in a lower unit cost for units in July than the weighted average method.
• D)Both the weighted average method and the FIFO method would result in a decrease in the unit cost for July; however, the weighted average method would result in a lower unit cost for units in July than the FIFO method.

---

Definitions:

Experimental Control

A method used in scientific studies to minimize the influence of variables other than the one being studied, ensuring the results are due to the variable of interest.

Narrative Research

A qualitative research method focused on understanding and interpreting stories or experiences of individuals to gain insights into human behavior and societies.

Restorying

A narrative therapy technique where individuals reinterpret their life stories to bring about positive psychological change.

Ecological Validity

The extent to which the findings of a research study are able to be generalized to real-life settings.