Match Each Description to the Appropriate Cost Flow Assumption (A-C)

question 19

Multiple Choice

Match each description to the appropriate cost flow assumption (a-c) .
-Produces the highest gross profit when costs are decreasing

• A)FIFO
• B)LIFO
• C)Weighted average

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Definitions:

Synaptic Vesicles

Small sac-like structures in neurons that store neurotransmitters, which are chemicals responsible for transmitting messages across synapses.

Thyroid

A gland located in the neck region that produces hormones regulating growth, development, metabolism, and body temperature.

Adrenal Glands

Endocrine glands located on top of each kidney that secrete more than 30 different hormones to deal with stress, regulate salt intake, and provide a secondary source of sex hormones affecting the sexual changes that occur during adolescence.

Pancreas

An organ in the digestive and endocrine system that produces enzymes for digestion and hormones such as insulin for blood sugar regulation.