Examlex
Which of the following actions would best illustrate a diversification strategy for McDonald's (the fast food restaurant) ?
Ending Inventory
The total value of all goods available for sale at the end of an accounting period, reflecting purchases and sales within that period.
Average Method
An inventory costing method that calculates the cost of goods sold based on the average cost of all similar items in inventory.
Periodic Inventory System
An inventory system that records inventory purchases and sales periodically, updating the inventory balance at the end of an accounting period.
Average Cost
A method to determine the cost of goods sold and ending inventory by computing the weighted average of the costs of all goods available for sale.
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