The Method Used to Estimate the Cost of Ending Inventory

question 97

Multiple Choice

The method used to estimate the cost of ending inventory is called:

• A)the FIFO method.
• B)the LIFO method.
• C)gross profit method.
• D)the average cost method.

---

Definitions:

Aldolase (ALD)

An enzyme involved in the glycolytic pathway, important for breaking down sugars for energy.

Duchenne Muscular Dystrophy

A genetic disorder characterized by progressive muscle degeneration and weakness due to alterations of a protein called dystrophin that helps keep muscle cells intact.

Myotome

A group of muscles innervated by the motor fibers of a single spinal nerve root, used to assess and diagnose nerve root damage.

Centrally Acting Muscle Relaxants

Drugs that reduce muscle tension and associated pain by acting on the central nervous system rather than directly on the muscles.