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متابعة

Which of the following does the FIFO cost formula assume?

a. The inventory items which are sold or consumed are those acquired most recently b. The inventory items which are sold or consumed are those acquired longest ago c. The inventory items which are sold or consumed are a mixture of those acquired in the last12 months d. Newer inventory items are sold or consumed before older inventory items

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تاريخ النشر: 2013/08/28
Ravshanbek Abdullaev
من قبل Ravshanbek Abdullaev , Accountant , Fajr Al Mustaqbal General Trading LLC

b is correct as FIFO inventory value attached to the most recent purchases which are left, that implies first bought items sold first

Muhammad Awais Ali
من قبل Muhammad Awais Ali , Performance Manager , Gladstone Wiz Ltd

b. The inventory items which are sold or consumed are those acquired longest ago

المزيد من الأسئلة المماثلة

هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟