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Home Q & A Board Other Fields Homework Help Business Accounting
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victor.m.rojas2 victor.m.rojas2
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5 years ago
Using an REA database design, which of the below is false with regards to cost data?

• Cost information is stored in several tables.

• Standard cost is stored as an attribute of the Inventory table because it is the same for all units of a given inventory item for a fiscal year.

• In contrast, the actual cost of inventory is stored in a relationship table because prices can vary over time.

• Actual cost can be stored as an attribute of the Inventory table for organizations that value inventory based on the most recent amount paid.
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Accounting Information Systems

Accounting Information Systems


Edition: 14th
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#1
5 years ago
Actual cost can be stored as an attribute of the Inventory table for organizations that value inventory based on the most recent amount paid.
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