Inventory costing methods place primary emphasis on assumptions about:
A) flow of goods.
B) flow of costs.
C) flow of goods or costs depending on the method.
D) flow of values.

Question

Quizplus · Accepted Answer

Inventory costing methods place primary emphasis on assumptions about the flow of costs. This includes determining how the costs of goods acquired are assigned to the items in inventory and how these costs are moved out of inventory when the goods are sold. The flow of goods is also considered, but it is not the primary focus of inventory costing methods.

Inventory Costing Methods Place Primary Emphasis on Assumptions About