tonyasman06
Mar 15, 2011, 04:53 PM
The primary purpose of an inventory flow assumption is to:
A) Increase gross profit.
B) Determine which unit costs are assigned to inventory, and which are assigned to the cost of goods sold.
C) Minimize taxable income during periods of rising prices.
D) Increase inventory turnover.
A) Increase gross profit.
B) Determine which unit costs are assigned to inventory, and which are assigned to the cost of goods sold.
C) Minimize taxable income during periods of rising prices.
D) Increase inventory turnover.