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When inventory prices are declining the fifo method will generally yield a gross profit that is?
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The method of computing inventory that uses records of the selling prices of the merchandise is called?
retail method
Which inventory pricing method is being used when a company recalculates inventory prices every time a new item is added to the inventory?
Weighted Average
In a period of rising prices the inventory method which tends to give the highest reported inventory?
Hi - in periods of rising prices, the FIFO (fist in, first out) will give the highest ending inventory. The other two options (LIFO last in first out) will give the lowest ending inventory and the average method will give between the two. Hope this helps!
What method of inventory will result in reporting the greatest cost of merchandise sold during a period of consistently rising prices?
Generally that would be LIFO or Last In First Out, which basically means, the last Inventory you get in is the first inventory you sale.While prices are constantly rising, that would mean the higher priced items would sale first. That however, is ONLY if they were the ones received at the latest time/date.
When material prices may vary significantly from current inventory values which estimating method should be used?
government
What economic indicator describes the process of generally declining prices?
Deflation describes the process of generally declining prices.
The method of computing inventory that uses records of the selling prices of the merchandise is called?
retail method
Which inventory pricing method is being used when a company recalculates inventory prices every time a new item is added to the inventory?
Weighted Average
In a period of rising prices the inventory method which tends to give the highest reported inventory?
Hi - in periods of rising prices, the FIFO (fist in, first out) will give the highest ending inventory. The other two options (LIFO last in first out) will give the lowest ending inventory and the average method will give between the two. Hope this helps!
What method of inventory will result in reporting the greatest cost of merchandise sold during a period of consistently rising prices?
Generally that would be LIFO or Last In First Out, which basically means, the last Inventory you get in is the first inventory you sale.While prices are constantly rising, that would mean the higher priced items would sale first. That however, is ONLY if they were the ones received at the latest time/date.
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
When material prices may vary significantly from current inventory values which estimating method should be used?
government
When prices are increasing which inventory method will produce the highest cost of goods sold?
Lifo (Last in first out) method will produce highest cost of goods sold because inventory with higher value will be charged first as it arrived in last.
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 difference of evaluation of inventory between weighted average method and FIFO method?
A method of inventory accounting in which the oldest remaining items are assumed to have been the first sold. In a period of rising prices, this method yields a higher ending inventory, a lower cost of goods sold, a higher gross profit (assuming constant price), and a higher taxable income. Also called FIFO.Method in calculation in which the weighted averagezzor the period is the cost of the goods available for sale divided by the number of units available for sale. When the perpetual inventory system is used, the weighted average method is called the moving average method.
What happened with break even point with declining product prices?
lowered
What is a market with declining stock prices known as?
It's known as a Bear market.
