Which Method Assigns the Same Cost to All Units Whether

question 24

Multiple Choice

Which method assigns the same cost to all units whether sold or left in ending inventory?

• A)Specific identification
• B)Weighted average cost
• C)FIFO
• D)LIFO

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Definitions:

Acre of Land

A unit of area used in the imperial and US customary systems, equivalent to 43,560 square feet, commonly used in measuring parcels of land.

Sofa

A piece of furniture designed for seating multiple people, typically upholstered and used in living rooms or lounges.

Real Property

Land and anything permanently attached to it, such as buildings and improvements.

A Car

A motor vehicle designed primarily for passenger transportation.