An internal auditor found the following information while reviewing the monthly financial siatements for a wholesaler of safety
The cost of goods sold was reported at $8,500. Which of the following inventory methods was used to derive this value?

Question

An internal auditor found the following information while reviewing the monthly financial siatements for a wholesaler of safety

The cost of goods sold was reported at $8,500. Which of the following inventory methods was used to derive this value?

Zakarya Doqa · Accepted Answer

Average cost method

Zakarya Doqa · Answer

First-in, first-out (FIFO) method

Zakarya Doqa · Answer

Specific identification method

Zakarya Doqa · Answer

Activity-based costing method

List of questions