Business
Business, 24.09.2019 02:20, tatilynnsoto17

The inventory costing method that matches each unit of inventory with its actual cost is referred to as the method. weighted-average. specific identification. actual cost. matching unit.

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Business, 03.09.2019 02:10, Ryan02717
Morgan industries is comparing and contrasting its ending inventory value in terms of the three common inventory costing methods in order to management determine the most appropriate method to use. the company determines three values, which are $96,000, $100,000, and $105,000. if management determines that $100,000 is the most appropriate value for its ending inventory, what inventory cost method has it most likely chosen? a. middle of cost or market method. b. weighted average inventory cost method. c. lifo inventory cost method. d. fifo inventory cost method.
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Business, 06.09.2019 00:30, jerenasmith8
Which inventory cost method offers income tax savings during periods of rising prices? a. specific identification inventory cost method b. weighted average inventory cost method c. fifo inventory cost method d. lifo inventory cost method
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Business, 16.10.2019 22:10, jmwmarshall
E6a-26 (similar to) assume that dunk coffee shop completed the following periodic inventory transactions for a line of merchandise inventory: (click the icon to view the transactions.) requirements 1. compute ending merchandise inventory, cost of goods sold, and gross profit using the fifo inventory costing method. 2. compute ending merchandise inventory, cost of goods sold, and gross profit using the lifo inventory costing method. 3. compute ending merchandise inventory, cost of goods sold, and gross profit using the weighted-average inventory costing method. (round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.)
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Business, 31.10.2019 01:31, xmanavongrove55
Orion iron corp. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at the end of the year, as if it uses a periodic inventory system. assume its accounting records provided the following information at the end of the annual accounting period, december 31. transactions units unit cost a. inventory, beginning 200 $ 12 for the year: b. purchase, april 11 950 9 c. purchase, june 1 850 13 d. sale, may 1 (sold for $40 per unit) 200 e. sale, july 3 (sold for $40 per unit) 700 f. operating expenses (excluding income tax expense), $18,500 required: 1. calculate the number and cost of goods available for sale. 2. calculate the number of units in ending inventory. 3. compute the cost of ending inventory and cost of goods sold under (a) fifo, (b) lifo, and (c) weighted average cost. 4. prepare an income statement that shows under the fifo method, lifo method and weighted average method. 5. which inventory costing method minimizes income taxes?
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