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Which inventory costing method assigns the most recent costs to the cost of good sold?
Wiki User
∙ 10y ago
LIFO (Last in First Out) method is the method which charge the most recent prices to cost of goods manufactured and sold statement.
Wiki User
∙ 10y ago
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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
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 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 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
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 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 costing method that charge the most recent incurred against revenue?
LIFO
What is the inventory method that assigns the most recent costs to cost of good sold?
LIFO - Last In First Out
What is the inventory costing method that charges the most recent costs incurred against revenue?
LIFO
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 method that charges the most recent cost incurred against revenue?
LIFO
When using the FIFO inventory costing method the most recent costs are assigned to the cost of goods sold true or false?
FIFO means first in first out so it means the items purchased earlier will be used in production first so it is not the recent prices which are allocated to cost of goods sold in LIFO last in first out most recent prices are used but not in FIFO.
Under which method of cost flows is the inventory assumed to be composed of the most recent costs?
last in first out
