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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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6 years ago
State which inventory method would best meet the specific goal of management stated below. Show your answer by inserting the proper letter beside each statement.

a) FIFO
b) Specific-unit-cost
c) Weighted-average

1)   Management desires to precisely match cost of goods sold
   with net sales revenue.   ________
2)   Management desires to minimize the company's ending
   inventory balance during a period of falling prices.   ________
3)   The company sells rare, antique items.   ________
4)   Management desires to show the current value inventory
   on the balance sheet.   ________
5)   Management desires to maximize the company's gross margin
   during a period of rising prices.   ________
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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KryzenKryzen
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6 years ago
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gOOvER Author
wrote...

6 years ago
Thanks for your help!!
husne
wrote...

Yesterday
Good timing, thanks!
hmonier
wrote...

2 hours ago
Correct Slight Smile TY
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