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If merchandise inventory is being valued at cost and the price level is steadily rising the method of costing that will yield the highest net income is?
Wiki User
∙ 9y ago
The method of costing that will yield the highest net income is FIFO. FIFO stands for first in, first out.
Wiki User
∙ 9y ago
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If merchandise inventory is being valued at cost and the purchase price is steadily falling which method of costing will yield the largest gross profit?
The method of costing that will yield the highest net income is FIFO. FIFO stands for first in, first out.
Which inventory method yields highest gross profit?
FIFO
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!
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 is lifo or fifo if in a period of rising prices ending inventory would be highest?
fifo
If merchandise inventory is being valued at cost and the purchase price is steadily falling which method of costing will yield the largest gross profit?
The method of costing that will yield the highest net income is FIFO. FIFO stands for first in, first out.
What is the highest scholastic inventory score?
3
Which inventory method yields highest gross profit?
FIFO
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 band has the Highest career gross income music merchandise?
Madonna? N-Sync? Kiss?
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 is lifo or fifo if in a period of rising prices ending inventory would be highest?
fifo
Highest grossing merchandise pro team?
New York teams sell a lot but overall, The Dallas Cowboys sell the most merchandise out of any sports team
Did a kiss song ever appear in a commercial?
KISS is probably the highest grossing band as far as merchandise goes, they made action figures to thong panties and they had a ton of commercials with their songs in them. So the short answer is yes, but commercials for their own merchandise.
What is the difference between 20 percent off full price merchandise and 50 percent off sales merchandise?
Generally speaking the full price is the MSRP which is the highest price possible. The sales merchandise would already be marked down from MSRP, so you are receiving an additional 50% off a price that has already been reduced from MSRP.
What type of firm generally has the highest proportion of inventory to total asset?
Let's do a few comparisons. Walmart: 28% Lows: 25% Macy: 23% Deere: 9% GM: 9.8% Citigroup: 0% Safeway: 16.5% Sears Holdings: 39.4% Target: 17% Ford: 4% Walgreen: 29% Generally, it appears that retail stores have the highest proportion of inventory to total assets; but we might say more specifically that a poorly run retail store has the highest ratio. That is Sears Holdings.
How do you get money real fast on street wars on mocospace?
You either level up to 100, and buy the highest costing business or fight people that have more than 20m in their pockets
