Which of the Following Is NOT an Inventory Costing Method

question 51

Multiple Choice

Which of the following is NOT an inventory costing method?

• A) specific identification
• B) lower of cost or market
• C) last-in, first-out
• D) first-in, first-out

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Definitions:

Recessive Gene

A type of gene that expresses its traits only when paired with an identical or similar gene, as opposed to a dominant gene that can express its traits when paired with a different gene.

21st Chromosome

A chromosome in humans that, when an individual has three copies (trisomy 21) rather than the usual two, causes Down syndrome.

Down Syndrome

A genetic disorder caused by the presence of all or part of a third copy of chromosome 21, characterized by developmental delays, physical growth limitations, and distinctive facial features.

Phenylketonuria

A genetic disorder in which the body cannot properly break down an amino acid called phenylalanine, leading to harmful levels in the body.