An inventory valuation method that assumes the items purchased by ...

[tfester]

An inventory valuation method that assumes the items purchased by a company last are the first items to be sold is called the perpetual valuation method.
  Indicate whether the statement is true or false

Question 2

Atlas Hardware buys power tools with a list price of 29,500. If the supplier offers trade discounts of 10/20/5, find the trade discount amount. Use the single equivalent discount for your answer.
 A) 9,322
  B) 13,100
  C) 17,752
  D) 5,700

[ApricotDream]

Answer to Question 1

FALSE

Answer to Question 2

A

[tfester]

TYSM

[scottmt]

Excellent