Which Costing Method Assumes That the Cost of the First

question 161

Multiple Choice

Which costing method assumes that the cost of the first few items acquired should be assigned to the first items sold?

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

---

Definitions:

G Protein

A type of protein involved in transmitting chemical signals outside the cell to its interior, affecting cellular processes and responses.

Cushing's Disease

A condition caused by an excess of cortisol in the body, often due to a tumor in the pituitary gland, leading to symptoms like weight gain, thinning skin, and hypertension.

Fat Deposition

The process by which the body stores fat in adipose tissue for energy, insulation, and protection of internal organs.

Inflammatory Response

The body's immune response to infection or injury, characterized by redness, swelling, heat, and pain.