Identify the inventory valuation method below that cannot be calculated in a database created using an REA modeling approach.
A)LIFO.
B)FIFO.
C)Weighted Average.
D)none of the above

Question

Quizplus · Accepted Answer

The REA (Resources, Events, Agents) modeling approach is a database design methodology used for capturing information about resources, events, and agents involved in business transactions. It does not inherently limit the ability to calculate inventory valuation methods such as LIFO (Last In, First Out), FIFO (First In, First Out), or Weighted Average. These inventory valuation methods can be implemented in a database designed using the REA model by appropriately structuring the data and applying the necessary calculations.

Identify the Inventory Valuation Method Below That Cannot Be Calculated