The average inventory costing method which results in a changed unit i – McqOptions

MCQOPTIONS

1.	The average inventory costing method which results in a changed unit inventory cost after each successive purchase?
A.	Weighted average
B.	Moving average
C.	Specific cost
D.	Simple average
Answer» B. Moving average

Discussion

No Comment Found

Related MCQs

In the situation stated in the question above, the company s net income based on a production volume based system will tend to be ________ relative to net income based on an activity based costing system.
Which of the following arguments support integrating ABC with the general ledger system used for GAAP, rather than using a separate stand alone ABC system?
The main difference (or differences) between how traditional costing and activity based costing treat indirect manufacturing costs is (are) that
Regardless of how long it takes to produce and sell inventory, inventory is always considered to be a?
What is the principal criterion used to distinguish between tangible assets and inventories?
The inventories are recorded at the latest price but the production cost is changed old cost price?
Which type of inventory system requires updating the inventory balance at the end of the accounting period?
Which of the following method is suitable for calculating the cost of inventory when actual costs of individual units of merchandise can be determined from the accounting records?
The average inventory costing method which results in a changed unit inventory cost after each successive purchase?
Systematic evaluation of the trade-offs between product functionality and product cost while still satisfying customer needs is the definition of