0
What is the inventory method that assigns the most recent costs to cost of good sold?
Wiki User
∙ 16y ago
LIFO - Last In First Out
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What is the inventory method that assigns the most recent costs to revenues?
Lifo (Last in first out) is the method which assigns the most recent costs to revenues.
Which inventory method assigns the most recent costs to the cost of the good sold?
LIFO
What is the inventory method that assigns the most recent costs to cost of goods sold?
LIFO (Last in first out) is the inventory costing method which allocates the most recent costs to cost of goods sold.
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 assigns the most recent costs to the cost of good sold?
LIFO (Last in First Out) method is the method which charge the most recent prices to cost of goods manufactured and sold statement.
What is the inventory method that assighns the most recent costs to cost of goods sold?
LIFO (Last in first out) method assigns the most recent cost to cost of goods sold because in this method goods received in last are used first.
What is the inventory costing method that charges the most recent costs incurred against revenue?
LIFO
Under which method of cost flows is the inventory assumed to be composed of the most recent costs?
last in first out
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 method should be used when costs are falling and inventory quantities are stable?
at lower cost market
What is the inventory method that tends to smooth out erratic changes in costs?
fifo
