Which Costing Method Tends to Level Out the Effects of Cost

question 102

Multiple Choice

Which costing method tends to level out the effects of cost increases or decreases?

• A)Specific identification
• B)FIFO
• C)Average-cost
• D)LIFO

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Definitions:

Theory

A set of principles or explanations that accounts for observed phenomena and predicts future events.

Descriptive Notes

The primary, detailed records of the human interactions, language, and settings that are the focus of an ethnography.

Ethnographer

A researcher who studies cultures and people by immersing themselves in the environment, observing, and often participating in their subjects' lives.

Data Gather

The process of collecting information and facts for the purpose of analysis to support decision-making and research conclusions.