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23 April, 02:10

Inventory costing methods place primary reliance on assumptions about the flow of:a. goodsb. costsc. resale pricesd. values

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Answers (2)
  1. 23 April, 03:28
    0
    The correct answer is letter "B": costs.

    Explanation:

    Inventory costing methods are approaches used by companies to collect, analyze, summarize, and evaluate the flow of inventory costs. The activity of the firm could determine what type of costing method will be implemented. We can identify four (4) costing methods: Specific Identification; First-In, First-Out (FIFO); Last-In, First-Out (LIFO); and Weighted-Average.
  2. 23 April, 03:59
    0
    Answer: B costs

    Explanation:

    In business and accounting, cost is the monetary value that has been spent by a company in order to produce something.

    Cost accounting aids in decision-making processes by allowing a company to calculate, evaluate, and monitor its costs.
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