Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on your own words, talk briefly about two of the i

On your own words, talk briefly about two of the inventory costing methods, give one example...

90.2K

Verified Solution

Question

Accounting

On your own words, talk briefly about two of the inventorycosting methods, give one example of each method.

Answer & Explanation Solved by verified expert
3.7 Ratings (627 Votes)
There is various inventory costing method such as 1 First In First Out Method FIFO 2 Last In First Out Method LIFO 3 Average Cost Method 4 Specific Identification Method As per the requirement of the question two methods need to be explained these are 1 FIFO FIFO    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Tall (T allele) is dominant over short (t allele). In a breeding experiment, 25 of...

Biology
1.2K views

In pure labor markets sellers of labor services are main buyers of labor services and...

Basic Math
1.2K views

Solve For X and Y Y Ox 40 and y 80 Ox 15 and y...

Basic Math
1.2K views

Exam e the monthly payment for the installment loan Use the install mount anced P...

Basic Math
1.2K views

Carolina is making punch for a party. She made 6 bowls of punch. Each bowl...

Basic Math
1.2K views

Jenny Tarver purchases a 1 599 99 treadmill a 49 99 pair of walking shoes...

Algebra
1.2K views

2 Which of the following numeric expressions is a complex number A 2 B 41...

Accounting
1.2K views

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard...

Accounting
1.2K views

Consider the following independent situations relating to the audit of five different audit clients for...

Accounting
1.2K views

Bright Minds Toy Company prepared the following sales budget for the second quarter. Projected sales...

Accounting
1.2K views

Angelena files as a head of household. In 2018 , she reported $53,800 of taxable...

Accounting
1.2K views

Question 3 (20 points) In class discussions about uncertainty we assumed that the utility levels...