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Q: Which of the followign inventory costing methods uses the costs of the oldest purchases to calculate the value of the ending inventory?
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Material-Costing quantitative tools of Inventory management?

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Inventory costing methods place primary emphasis on assumptions about?

Inventory costing methods place primary emphasis on assumptions about flow of costs.


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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.


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?

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What are the uses of marginal costing and absorption costing?

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Why are incidental costs sometimes ignored in inventory costing?

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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


Do ABC analysis in inventory management is same as that of Activity Based Costing?

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Inventory costing methods place primary reliance on assumptions about the flow of?

costs