Which of the Following Inventory Valuation Methods Should Be Used

question 166

Multiple Choice

Which of the following inventory valuation methods should be used for unique items?

• A) first-in, first-out
• B) last-in, first-out
• C) weighted-average
• D) specific identification

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Definitions:

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The act of using goods and services to satisfy human wants or needs, a primary activity analyzed in consumer behavior and economics.

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The process of removing dirt, litter, and other debris from roads and public places to maintain cleanliness and safety.

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A situation or condition where there is a rise in a numerical value or quantity.