This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A major advantage of using the FIFO process-costing method is that: (Read 54 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Mar 6, 2021
A major advantage of using the FIFO process-costing method is that:
◦ FIFO makes the unit cost calculations simpler
◦ in contrast with the weighted-average method, FIFO is considered GAAP
◦ FIFO provides managers with information about changes in the costs per unit from one period to the next
◦ in the period of rising prices, it leads to lower operating income and lower tax payments, saving the company cash and increasing the company's value
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ghost! on Mar 6, 2021

manuelcastillo

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


ghost!

  • Member
  • Posts: 560
Reply 2 on: Mar 6, 2021
:D TYSM

Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Major Ridges and Trenches of the Seafloor Major Ridges and Trenches of the Seafloor
Model of the Reading Process Model of the Reading Process
Teres major Teres major
Differentiation of Major Headache Types Differentiation of Major Headache Types
Throughput costing Throughput costing
Plot of Land (Modified Offset Method) Plot of Land (Modified Offset Method)
Video: ADH and the arterioles, kidneys, sweat glands and the Atrial natriuretic peptide (ANP)

For a complete list of videos, visit our video library