Which of the following best describes one of the adjustments that would be made to Sipex's financial statements to compare that company with other companies in the industry? To adjust Sipex's ending inventory to the FIFO method, the amount reported for Sipex's ending inventory ...
In a decreasing price environment, the first-in first-out (FIFO) inventory cost method results in:A. higher inventory compared to last-in first-out.B. lower cost of goods sold compared to last-in first-out.C. lower gross profit compared to last-in first-out. 正确答案:C 分享到: 答案...
FIFO is one of several ways to calculate the cost of inventory in a business. The other common inventory calculation methods areLIFO (last-in, first-out)and average cost. FIFO, which stands for "first-in, first-out," is an inventory costing method that assumes that the first items placed...
高顿网校CFA小编准备了一道题目,希望考生可以练一练手。 CFA一级习题:LIFO和FIFO下inventory cost的调整问题 Assume U.S. GAAP applies unless otherwise noted.?Sipex Corporation uses the LIFO inventory method, but most of the other companies in Sipex industry use FIFO. Which of the following?best?descri...
CFA一级习题:LIFO和FIFO下inventory cost的调整问题 Assume U.S. GAAP applies unless otherwise noted.?Sipex Corporation uses the LIFO inventory method, but most of the other companies in Sipex industry use FIFO. Which of the following?best?describes one of the adjustments that would be made to Si...
cfa考试重点:LIFO和FIFO下inventory cost的调整 Assume U.S. GAAP applies unless otherwise noted. Sipex Corporation uses the LIFO inventory method, but most of the other companies in Sipex industry use FIFO. Which of the following best describes one of the adjustments that would be made to Sipex'...
Sipex Corporation uses the LIFO inventory method, but most of the other companies in Sipex industry use FIFO. Which of the following best describes one of theadjustments that would be made to Sipex's financial statements to compare that company with other companies in the industry? To adjust ...
What would be the advantage of using the LIFO inventory costing method? Discuss the advantages and the disadvantages of each costing method including FIFO, LIFO, and Average Cost. Identify the primary benefits in using the costing method (LIFO, FIFO, and weighted average) that is used to record...
A.the last to be allocated to ending inventory.B.the first to be allocated to ending inventory.C.the first to be allocated to cost of goods sold.D.allocated to the average cost of goods sold or ending inventory.相关知识点: 试题来源: 解析...
The first-in, first-out (FIFO) inventory cost method assumes the oldest inventory is sold first. This leads to minimizing taxes if the prices of inventory items are falling. In this situation, the prices of the items purchased first are higher because the prices are downward trendi...