Tanner Corporation's inventory cost on its balance sheet was lower using first-in, first-out than it would have been using last-in, first-out. Assuming no beginning inventory, in what direction did the cost of purchases move during the period?

a. Up
b. Down
c. Steady
d. Cannot be determined

Answer: b. Down

Business

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The policy position of the _____ is that when this institution lends money to countries, it imposes a tight macroeconomic policy that is not always considered appropriate by critics.

Fill in the blank(s) with the appropriate word(s).

Business

The globalization committee was halfway through their first meeting before the team leader realized that his boss had granted him authority that wasn't going to be agreed to by the functional managers of his team

After the meeting, his team members reported back to their units and the team leader's phone began to ring. The source of the conflict he is about to experience is: A) Differentiation. B) Uncertainty. C) Scarce resources. D) Reward systems.

Business