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Material-Costing quantitative tools of Inventory management?

answer me the following question Material-Costing Quantitative tools of Inventory Management?


Inventory costing methods place primary emphasis on assumptions about?

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


Inventory costing method?

There are different inventory costing methods an accountant can use for cost o goods sold accounting. The methods include last in, first out, average cost method, first in, first out, and specific identification method.


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 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 consistent application of an inventory costing method enhances?

accuracy


What are the uses of marginal costing and absorption costing?

to calculate the profit easilly


Why are incidental costs sometimes ignored in inventory costing?

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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


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

costs


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

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