Use the Following to Answer Questions

question 15

Multiple Choice

Use the following to answer questions :
Figure 7A-2
-In Figure 7A-2, what are the prices of land and labor along equal-cost line AB?

• A)1,4
• B)2,4
• C)2,2
• D)4,2
• E)None of the above.

Comprehend the terms and implications of trade discounts on inventory transactions.

Identify and apply appropriate inventory costing methods to various inventory types.

Recognize the inclusion and exclusion of certain costs in the cost of inventories.

Understand the process and implications of changing inventory costing formulas.