Full Justification Should Be Used When

question 14

Multiple Choice

Full justification should be used when

• A) one must use fixed typefaces.
• B) one wants to use as few pages as possible.
• C) one wants to establish an informal look.
• D) one uses very short line lengths.
• E) one wants to have lines ending in different places.

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Definitions:

Inventory Cost

The total cost associated with buying and preparing items for sale, including purchase prices, shipping, handling, and storage.

Perpetual Inventory Account

A method of recording inventory that updates inventory records in real-time with every transaction, sale, or purchase.

FIFO

An inventory valuation method (First In, First Out) where the costs of the earliest goods purchased are the first to be recognized in determining cost of goods sold.

LIFO

Last In, First Out, an inventory valuation method where the most recently produced or purchased items are recorded as sold first.