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

question 66

Multiple Choice

Match each description to the appropriate cost flow assumption (a-c) .
-Cost of the latest purchases are assigned to ending inventory

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

---

Definitions:

Revenue Tariff

A revenue tariff is a tax on imports primarily designed to generate income for the government without necessarily protecting domestic industries.

Competitively Priced

Pricing goods or services in a manner that is attractive to customers when compared to competitors, usually by being lower or offering more value.

Global Business Strategy

A global business strategy involves planning and conducting transactions across international borders to exploit global market opportunities and compete on a worldwide scale.

Uniform Pricing Strategy

Uniform pricing strategy is a marketing approach where a product is sold at the same price across different market segments or geographical areas.