Select the Correct Form of Each Verb

question 37

Multiple Choice

Select the correct form of each verb. Some verbs are regular; others are irregular. I _____________ my pet skunk to a reliable veterinarian.

• A) take
• B) took
• C) taked

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Definitions:

LIFO

Last In, First Out, an inventory valuation method where the last items acquired are the first sold.

Work in Process

Inventory that includes goods that are in the production process but are not yet completed.

Finished Goods

These are completed products that are ready for sale but have not yet been sold to customers.

Cost of Goods Sold

Costs directly incurred in the manufacture of goods a company sells.