Question 28 (2 points)

Which of the following items would NOT be considered inventory?

Question 28 options:

A.	Computers for employee use
	B.T-shirts for a clothing company
	C.Cars for a car dealership
	D.Computer for an electronic store

Question 29 (2 points)

Which inventory method is required under GAAP?

Question 29 options:

A.	FIFO
	B.LIFO
	C.Average Cost
	D.All are acceptable methods