Question Content Area

Cost flow is in the reverse order in which costs were incurred when using

a.weighted average

b.first-in, first-out

c.average cost

d.last-in, first-out

Question Content Area

Too much inventory on hand

a.ties up funds that could be used to improve operations

b.increases the cost to safeguard the assets

c.increases the losses due to price declines

d.all of these