If a business has substantial amounts of manufactured inventory, both the
first-in-first-out (FIFO)method and the weighted-average method will be very useful in assessing cost control.

Name: If a business has substantial amounts of manufactured inventory, both the first-in-first-out (FIFO)method and the weighted-average method will be very useful in assessing cost control.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

FIFO and weighted-average methods are both used to value inventory, not to assess cost control.

If a Business Has Substantial Amounts of Manufactured Inventory, Both