Which Inventory Cost Flow Method Assigns the Cost of the Most

question 64

Multiple Choice

Which inventory cost flow method assigns the cost of the most recent items purchased to cost of goods sold?

• A)specific identification
• B)weighted average cost
• C)FIFO
• D)LIFO

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Definitions:

Wireless Technologies

Encompasses a variety of technologies that enable communication between devices without the need for physical connections, using radio frequencies or infrared signals.

Freight Visibility

The ability to track and monitor freight throughout its journey from origin to destination in real time.

Cellular Networks

Communication networks where the last link is wireless, commonly used for mobile phone and data transmission.

Tendering

A formal process where bids are invited from interested contractors to carry out specific packages of work, services, or to supply goods.