MATCHING Identify the Letter of the Choice That Best Matches the the Phrase

question 67

Multiple Choice

MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-To keep headings visible as you work with the data in a large worksheet

• A)custom list
• B)field
• C)record
• D)freeze
• E)criteria filter
• F)data definition table
• G)filter
• H)PivotTable
• I)field name
• J)sort

---

Definitions:

LIFO Perpetual Inventory System

An inventory valuation method that assumes the last items added to inventory are the first sold, and records inventory changes perpetually.

Cost of Goods Sold

Financial obligations directly linked to the production of a company's saleable goods, covering material and labor costs.

Inventory Records

Documents that track the quantity, type, and value of a company's products in stock.

Lower of Cost

An accounting principle that dictates inventory and other assets should be recorded at the lesser of their historical cost or current market value.