1) QBO uses which of the following methods to value inventory?

Select one: a. FIFO b. LIFO c. The method selected in the Purchases area of Company and Setting

2) For each type of purchase listed, select if you would put this in the Category Details or the Items Details section.

2.1. Rent for your company headquarters ?

A. Category Details

B. Item Details

2.2. Inventory you buy from your vendor to sell to customers?

A. Category Details

B. Item Details

2.3. Office supplies?

A. Category Details

B. Item Details