Concerning cost data,which of the following is false?
A)Cost information is stored in several tables.
B)Standard cost is stored as an attribute of the Inventory table because it is the same for all units of a given inventory item for a fiscal year.
C)In contrast,the actual cost of inventory is stored in the Inventory-Order_Goods table because purchase prices can vary over time.
D)Actual cost can be stored as an attribute of the Inventory table for organizations using LIFO or FIFO.

Question

Quizplus · Accepted Answer

Actual cost cannot be stored as an attribute of the Inventory table for organizations using LIFO or FIFO because these methods require tracking costs based on the order of inventory usage or purchase, which varies over time.

Concerning Cost Data,which of the Following Is False