Match Each Description to the Appropriate Cost Flow Assumption (A-D)

question 175

Multiple Choice

Match each description to the appropriate cost flow assumption (a-d) .
-Cost flow matches the unit sold to the unit purchased.

• A)Weighted average
• B)First-in, first-out (FIFO)
• C)Last-in, first-out (LIFO)
• D)Specific identification

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Definitions:

Industrial Products

Goods produced and used in industrial processes, such as machinery, equipment, and raw materials.

Consumer Products

Goods sold directly to the end consumer for personal use, as opposed to being sold for further production or processing.

Detrimental Effects

Negative impacts or outcomes that result from a particular action or set of conditions.

Developed Markets

Countries with highly industrialized economies, well-developed financial markets, and high standards of living.