Notifications
Clear all
Topic starter
A company has items in inventory with two costing methods: FIFO and Standard. The company needs to calculate the cost of all items at month end and provide a total inventory value to the finance department.
You need to determine the total value of inventory.
Which costing method requires running the inventory close?
- A . FIFO and Standard Cost items
B. FIFO items only
C. LIFO, Moving Average, and Date Weighted Average items
D. Standard Cost items only
Suggested Answer: B
Posted : 05/11/2022 3:02 pm