Indicate Whether Each of the Following Statements Is True or False

question 108

Short Answer

Indicate whether each of the following statements is true or false.
_____ a) To compute cost of goods sold under the weighted average method, it is necessary to first compute the weighted-average cost per unit.
_____ b) The weighted average cost per unit is computed by dividing the total cost of goods purchased by the number of units sold.
_____ c) Under the FIFO method, each time units are sold the unit cost of the most recently acquired inventory is applied to the number of units sold.
_____ d) Under a perpetual inventory system, it is not possible to use the LIFO method of cost flow.
_____ e) A U.S. company can use LIFO for income tax purposes only if it also uses LIFO for financial reporting purposes.

Identify the role of job satisfaction and morale in employee performance.

Assess the impact of organizational climate on employee productivity and job satisfaction.

Understand the concept of work ethic and its influence on employee motivation.

Recognize the challenges and motivations of balancing personal and professional life, especially for professional women.