Ask Question
BusinessBusiness
2 October, 12:59

The pricing of issues from inventory must be deferred until the end of the accounting period under the following method of inventory valuation:a. moving-average. b. weighted-average. c. LIFO perpetual. d. FIFO.

+4
Answers (1)
  1. 2 October, 13:11
    0
    The correct answer is B) weighted-average.

    The pricing of issues from inventory must be deferred until the end of the accounting period under the following method of inventory valuation: "weighted-average."

    The method of inventory "weighted-average" is used by the accountants when they want to select the average cost of production to a good. This method of inventory is better used if the inventory items are blended, making it difficult to determine a specific cost to each unit of the product. Or when the goods are identical or so similar that it is not possible or easy to determine a coast to each unit.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The pricing of issues from inventory must be deferred until the end of the accounting period under the following method of inventory ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On june 1, michael company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 and an estimated useful life of 3 years or 30,000 hours. using straight-line depreciation, calculate depreciation expense for the second year.
Answers (1)
In 1987, George Bell batted 649 times. He had 39 walks, 105 singles, 32 doubles, 4 triples, and 47 home runs. In 1987, Wade Boggs batted 656times. He had 105 walks, 130 singles, 40 doubles, 6 triples, and 24 homeruns.
Answers (1)
Interpret the following statement: "An increase in the price of wheat will encourage farmers to increase the quantity of wheat supplied to the market." A. The statement is correct. B.
Answers (1)
In an open economy, government spending was $30 billion, consumption was $70 billion, taxes were $20 billion, GDP was $100 billion, and investment spending was $10 billion. As a result, there was: a net capital inflow of $10 billion.
Answers (1)
The debt ratio is used: Question 23 options: To measure the ratio of equity to expenses. To assess the risk associated with a company's use of liabilities. Only by banks when a business applies for a loan.
Answers (1)
New Questions in Business
On November 1, 2012, The Bagel Factory signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2013.
Answers (1)
Consider the market for dog walkers that is currently in equilibrium. If the government institutes a minimum wage that is below the market wage, what will be the consequence for dog walkers? Select the correct answer below: A.
Answers (1)
When taking notes to be used in preparing meeting minutes, why should the wording of the motions be recorded exactly, word for word, as stated?
Answers (1)
Telecom uses activity-based costing to allocate all manufacturing conversion costs. Telecom produces cellular telephones; each phone has $40.00 of direct materials, includes 30 parts and requires 3 hours of machine time.
Answers (1)
On October 10, Joleen Vora applied for a $50,000 life insurance policy with Magnum Life Insurance Co. She named her husband, Jay, as the beneficiary. Joleen paid the insurance company the first year's premium on making the application.
Answers (1)
Home » Business » The pricing of issues from inventory must be deferred until the end of the accounting period under the following method of inventory valuation:a. moving-average. b. weighted-average. c. LIFO perpetual. d. FIFO.
Sign Up Forgot Password?