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Which inventory valuation method assigns a value to the inventory on the balance sheet that approximates current cost and also mimics the actual flow of goods for most businesses?
Wiki User
∙ 11y ago
fifo
Wiki User
∙ 11y ago
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Is the inventory costing method that assigns the most recent costs to the most recently sold inventory?
LIFO - Last In First Out
What 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 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.
The inventory valuation method that has the advantages that it assigns a value to the inventory on the balance sheet that approximates current cost and also mimics the actual flow of goods is called.?
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 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
With inflation what are the implications of using LIFO and FIFO inventory methods and how do they affect the cost of goods sold?
LIFO inventory valuation assumes the latest purchased inventory becomes part of the cost of goods sold, while the FIFO method assigns inventory items that were purchased first to the cost of goods sold. In an inflationary environment, the LIFO method will result in a higher cost of goods sold figure and one that more accurately matches the sales dollars recorded at current dollars.
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 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.
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.
When are the Fitness Logs due?
| APEX Learning | - When your teacher assigns them to be due.
What does a backroom associate do?
A Wal-mart BIA (backroom inventory associate) assigns extra merchandise a location in the backroom so it is easy to locate and then they also pick the merchandise that sells on a daily basis and sends it out to be stocked when needed.
What is the legal definition of assigns?
Assigns are those to whom property rights or powers are transferred to.
