Which of the Following Inventory Costing Methods Will Always Result

question 50

Multiple Choice

Which of the following inventory costing methods will always result in the same values for ending inventory and cost of goods sold regardless of whether a perpetual or periodic inventory system is used?

• A) FIFO and LIFO
• B) LIFO and weighted-average cost
• C) Specific identification and FIFO
• D) FIFO and weighted-average cost
• E) LIFO and specific identification

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Critique

An analysis or evaluation of a work, idea, or project, often with the intention of identifying areas for improvement.

Direct Strategy

A communicative approach where the primary message or intention is presented at the beginning without preambles.

Credit Request

A formal application to a lender or financial institution asking for a loan or credit line.

Indirect Strategy

A method of communication that uses subtlety and nuance, often to avoid confrontation or to convey a message more diplomatically.