Which of the Following Methods of Measuring the Cost of Goods

question 139

Multiple Choice

Which of the following methods of measuring the cost of goods sold most closely parallels the actual physical flow of the merchandise?

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

---

Definitions:

English/Language Arts

An academic discipline that focuses on the study and improvement of skills in reading, writing, and literature.

Learning Disabilities

Neurologically-based processing problems that can interfere with learning basic skills such as reading, writing, or math, and can also affect higher-level skills such as organization, time planning, and abstract reasoning.

IDEA

An acronym for the Individuals with Disabilities Education Act, U.S. legislation that ensures students with disabilities are provided with Free Appropriate Public Education.

Diagnostic Achievement Test

A standardized test used to assess a student's academic progress and capabilities in specific subject areas.