The ________ Method of Assigning Costs to Inventory and Cost

question 87

Short Answer

The ________ method of assigning costs to inventory and cost of goods sold exactly matches the costs of particular items with the revenues they generate and would be used when items can be easily traced to the purchase invoice cost.

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Definitions:

Phosphate

A chemical compound containing the phosphate ion, PO4^3-, involved in many biological processes including energy transfer.

Kinetic Energy

Energy associated with motion.

Chemical Bonds

The attractive forces that hold atoms together in compounds, resulting from the sharing or transferring of electrons.

Potential Energy

Stored energy in a potentially usable form, as a result of location or spatial arrangement.