The inventory valuation method which assumes that the items purchased last are the first items to be ...

The inventory valuation method which assumes that the items purchased last are the first items to be sold is called the ____________________ method.
 Fill in the blank(s) with correct word

Q. 2

.19 written as a percent would be 19
  Indicate whether the statement is true or false

Q. 3

The inventory valuation method which assumes that the items purchased first are the first items to be sold is called the ____________________ method.
 Fill in the blank(s) with correct word

Q. 4

When converting a decimal to a percent, move the decimal two places to the right and write the percent sign after the number.
  Indicate whether the statement is true or false

Q. 5

The inventory valuation method in which each item in inventory is matched or coded with its actual cost is the ____________________ method.
 Fill in the blank(s) with correct word

Q. 6

79 written as a decimal would be .079.  
  Indicate whether the statement is true or false

Q. 7

The inventory system in which merchandise is physically counted at least once a year to determine the value of the goods available for sale is called a(n) ____________________ inventory system.
 Fill in the blank(s) with correct word