Inventory costing methods place primary emphasis on assumptions about
A) flow of goods
B) flow of costs
C) flow of goods or flow of costs depending on the method
D) neither flow of goods or flow of costs

Question

Quizplus · Accepted Answer

Inventory costing methods focus primarily on assumptions about the flow of costs associated with the goods. The flow of goods may also be considered, but it is secondary to the flow of costs in determining which inventory costing method to use.

Inventory Costing Methods Place Primary Emphasis on Assumptions About