answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is the inventory costing method that charges the most recent costs incurred?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the inventory costing method that charges the most recent costs incurred against revenue?

LIFO


What is the inventory costing method that charge the most recent incurred against revenue?

LIFO


What is the inventory method that charges the most recent cost incurred against revenue?

LIFO


The inventory costing method that is based on the assumption that costs should be charged against revenue in the order in which they were incurred is?

FIFO


The inventory costing method that reflects a cost flow that is in the order in which the costs were incurred and will report the most current prices in ending inventory is?

First in first out


The selection of an inventory costing method has no significant impact on the financial statements true or false?

The selection of an inventory costing method has no significant impact on the financial statements. true or false


The consistent application of an inventory costing method enhances?

accuracy


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 inventory costing method that assigns the most recent costs to the most recently sold inventory?

LIFO - Last In First Out


Is the inventory costing method that assigns the most recent costs to the most recently sold inventory?

LIFO - Last In First Out


Which inventory costing method is often adopted when a company prefers a middle of the road approach?

FIFO


What companies would be more likely to use the specific identification inventory costing method?

walmart