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

question 130

Multiple Choice

Match each description to the appropriate cost flow assumption (a-c) .
-Produces the same cost of merchandise sold under both the periodic and the perpetual inventory systems

• A)FIFO
• B)LIFO
• C)Weighted average

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Definitions:

Automatic Thoughts

Instantaneous, reflexive thoughts that occur in response to a stimulus, often without conscious awareness.

Coping Thoughts

Cognitive strategies that individuals use to manage and deal with stress, adversity, or challenges in a constructive way.

Flawless Manner

An unrealistic expectation of performing tasks or duties perfectly, without mistakes or flaws.

Cognitive Modeling

A technique in psychotherapy where the therapist demonstrates a desired behavior or cognitive process as a way for the client to learn and adopt new skills or ways of thinking.