An Example of an Inventory Accounting Policy That Should Be

question 26

Multiple Choice

An example of an inventory accounting policy that should be disclosed in a Summary of Significant Accounting Policies is the

• A)composition of inventory into raw materials, work-in-process, and finished goods.
• B)major backlogs of inventory orders.
• C)method used for pricing inventory.
• D)All of these answer choices should be disclosed.