Excavation of an Archaeological Site

question 36

Multiple Choice

Excavation of an archaeological site

• A) involves the destruction of the place.
• B) a technique to uncover buried remains from the past.
• C) answers questions about prehistoric human activity.
• D) all of the above
• E) none of the above

---

Definitions:

Average Cost Method

A method of inventory valuation that calculates the cost of goods sold and ending inventory based on the average cost of all items available for sale during a period.

Ending Inventory

The total value of all the inventory that a company has in stock at the end of an accounting period.

LIFO Cost Flow

A method of stock valuation where the latest items added to the inventory are the first ones to be sold.

Cost of Goods Sold

The direct expenses tied to the production of goods sold by a company, including material and labor costs.