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Question #14 asks Inventory cost is least likely to include: please answer all 3 Not yet answered Points out of 5.00 Select one: a. production-related
Question #14 asks "Inventory cost is least likely to include:"
Not yet answered Points out of 5.00 Select one: a. production-related fixed cost. Flag question b. cost incurred as a result of normal waste of materials. c. production-related storage cost. d. transportation costs of shipping inventory to customers. e. transportation cost of shipping raw material to factories Question 15 Not yet answered A company decided to change its inventory method from FIFO to the weighted average cost method. Assuming that the change happens during a period of rising inventory costs, which of the following will most likely increase as a result of this change? (Wrong choices are penalized.) Points out of 5.00 Flag question Select one or more: a. Debt-to-equity. b. Inventory turnover C. None of others d. DOH e. Current ratio. Question 16 Not yet answered The Minx Company uses LIFO method for most of the inventories. For the year of 2020, Minx reported a cost of goods sold of $125,000 and the LIFO reserve of $21,000. For the year of 2019, Minx had reported the LIFO reserve of $25,000 What is an estimate of the cost of goods sold under FIFO for 2020? Points out of 7.00 please answer all 3
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