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What is computerized sales inventory system?
Acomputerized Sales and Inventory is a method performed through the use of computers.
Which of the following inventory costing methods is based on the actual cost of each particular unit of inventory?
FIFO method is based on the actual cost of each particular unit of inventory. In this method, inventory which is purchased first is sold out first. It ensures that old inventory is not piled up in storage and most companies use this method to evaluate their inventory.
The inventory costing method that reflects the cost flow in the reverse order and will report the earliest costs in ending inventory is?
The inventory costing method that reflects the cost flow in the reverse order and will report the earliest costs in ending inventory is last in first out. This makes use of a perpetual inventory system.
What typeo f Inventory Valuation Method does Walmart use?
Wal-Mart uses the last-in/first-out method (LIFO).
Does Target use the lifo fifo or average-cost inventory method?
fifo
The inventory valuation method that tends to smooth out erratic changes in costs is?
Weighted average method which requires to use the weighted average cost per unit of inventory at the time of each sale.
Solution of Analysis and Use of Financial Statements by Sondhi and White 3rd edition?
inventory method
If your stock spoils which method of moving inventory would you want to use?
fifo
What companies would be more likely to use the specific identification inventory costing method?
walmart
What inventory method does Kellogg use?
Kelloggs uses FIFO costing method as they manufacturing just-in-time with their products bound by expiration date.
Inventory costing method?
There are different inventory costing methods an accountant can use for cost o goods sold accounting. The methods include last in, first out, average cost method, first in, first out, and specific identification method.
During inflation what is the best method to value the stock?
during inflation the best method to use inventory valuation that produces that produces that least amount of profit is
