Which Method Assigns the Same Cost to All Units Whether

question 24

Multiple Choice

Which method assigns the same cost to all units whether sold or left in ending inventory?

• A)Specific identification
• B)Weighted average cost
• C)FIFO
• D)LIFO

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Definitions:

Recessive Allele

A variant of a gene that must be inherited from both parents in order to manifest its trait, as opposed to a dominant allele where only one copy is needed for expression.

Heterozygous Individuals

Organisms that have two different alleles for a given gene, resulting in genetic variation.

Phenotypic Expression

Phenotypic expression is the observable physical and physiological traits of an organism resulting from the interaction of its genetic makeup with the environment.