In the space provided at right, write the word or phrase that is defined or indicated.
$\text { 1. An approach whereby a company }$ ------------------------------- finances its inventory without reporting
either the liability or the inventory
asset on its statement of financial position.
$\text { 2. A contract in which neither party has }$------------------- fulfilled its part of the contract.
$\text { 3. The costs that are "attached" to }$--------------------- Inventory.
$\text { 4. Direct costs and alloxated overhead }$---------------------------- that are incurred to process raw
materials into finished goods.
$\text { 5. The predetermined costs to produce }$----------------------- one unit of a given item of inventory.
$\text { 6. The purchase of a group of units with }$------------------- different characteristics at a single
lump-sum price.
$\text { 7. An imventory extimation methed that }$--------------------- uses the interrelationships between
the accounts used in the calculation
of cost of goods sold.

Question

In the space provided at right, write the word or phrase that is defined or indicated.
 $\text { 1. An approach whereby a company }$ ------------------------------- finances its inventory without reporting
either the liability or the inventory
asset on its statement of financial position.
 $\text { 2. A contract in which neither party has }$------------------- fulfilled its part of the contract.
 $\text { 3. The costs that are "attached" to }$--------------------- Inventory.
 $\text { 4. Direct costs and alloxated overhead }$---------------------------- that are incurred to process raw
materials into finished goods.
 $\text { 5. The predetermined costs to produce }$----------------------- one unit of a given item of inventory.
 $\text { 6. The purchase of a group of units with }$------------------- different characteristics at a single
lump-sum price.
 $\text { 7. An imventory extimation methed that }$--------------------- uses the interrelationships between
the accounts used in the calculation
of cost of goods sold.

Quizplus · Accepted Answer

The Answer of In the space provided at right, write the word or phrase that is defined or indicated.
 $\text { 1. An approach whereby a company }$ ------------------------------- finances its inventory without reporting
either the liability or the inventory
asset on its statement of financial position.
 $\text { 2. A contract in which neither party has }$------------------- fulfilled its part of the contract.
 $\text { 3. The costs that are "attached" to }$--------------------- Inventory.
 $\text { 4. Direct costs and alloxated overhead }$---------------------------- that are incurred to process raw
materials into finished goods.
 $\text { 5. The predetermined costs to produce }$----------------------- one unit of a given item of inventory.
 $\text { 6. The purchase of a group of units with }$------------------- different characteristics at a single
lump-sum price.
 $\text { 7. An imventory extimation methed that }$--------------------- uses the interrelationships between
the accounts used in the calculation
of cost of goods sold.

In the Space Provided at Right, Write the Word or Phrase