Which of the Following Is NOT a Benefit of Cycle

question 8

Multiple Choice

Which of the following is NOT a benefit of cycle counting?

• A)fewer disruptions to daily operations than a complete physical count
• B)providing an ongoing measure of inventory accuracy
• C)focusing on items critical to business processes
• D)less time consuming than using RFID

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Definitions:

LIFO Method

Last-In, First-Out is an inventory valuation method where the most recently produced or acquired items are the first to be expensed.

Journal Entries

Records in accounting that document every financial transaction a company makes.

Cost of Goods Sold

The cost of goods sold (COGS) measures the direct costs associated with the production of goods sold by a company, including material and labor expenses.

Quarterly Financial Statements

Financial reports issued by a company every three months to provide insight into its financial health and performance.