Match the Terms with the Definitions

question 72

Multiple Choice

Match the terms with the definitions.
-A method of allocating merchandise cost which assumes that the first goods purchased were the first goods sold and, therefore, that the latest goods purchased remain in inventory.

• A)average cost
• B)conservatism
• C)perpetual inventory system
• D)market value
• E)consignor
• F)consistency
• G)cost
• H)first-in, first-out method
• I)gross profit method
• J)last-in, first-out method
• K)inventory sheet

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Definitions:

SOB

Stands for shortness of breath, a symptom in which a person finds it difficult to breathe or catch their breath, often indicative of respiratory or cardiac conditions.

Forearm

The part of the arm between the wrist and the elbow, consisting of two bones, the radius and ulna, along with muscles, nerves, and blood vessels.

Extends

To stretch out, spread, or continue in space or time; in anatomy, it often refers to the motion increasing the angle between body parts.

Muscle Fiber

A single muscle cell, known for its elongated shape, that contracts to produce movement in the body.