The first-in, first-out (FIFO) method creates better month-to-month cost comparisons than the weighted-average method ________
A) because it does not recognize transferred in units from other processes
B) when there are substantial quantities of units in process at the end of the period
C) because it merges costs from the prior period with the current period
D) because it is used by industries that do not experience significant cost changes
B
Business
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Which of the following is an example of a tangible benefit?
A. Increase in sales B. Positive company image C. Increase in customer satisfaction D. Improved communication skills
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On a balance sheet for a merchandiser, Merchandise Inventory is listed as a(n) ________
A) current asset B) current liability C) expense D) revenue
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