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Goods in transit to us FOB destination would not be included in our ending inventory....

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Accounting

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Goods in transit to us FOB destination would not be included in our ending inventory. Select one: O True O False Under the FIFO method the assumption is that inventory items are not sold in the order acquired. Select one: True O False The 4 methods used in assigning costs to inventory and COGS under the perpetual inventory system are FIFO, LIFO, specific identification and moving weighted average Select one: O True O False Goods held by a consignee would be included in our ending inventory. Select one: True O False Under the moving weighted average method the costs per unit are calculated at the end of the accounting period. Select one: O True False

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