Microsoft
MB-330 · Question #7
A company has items in inventory with two costing methods: FIFO and Standard. The company needs to calculate the cost of all items at month end and provide a total inventory value to the finance depar
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Implement inventory management
Question
A company has items in inventory with two costing methods: FIFO and Standard. The company needs to calculate the cost of all items at month end and provide a total inventory value to the finance department. You need to determine the total value of inventory. Which costing method requires running the inventory close?
Options
- AFIFO and Standard Cost items
- BFIFO items only
- CLIFO, Moving Average, and Date Weighted Average items
- DStandard Cost items only
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Topics
#FIFO costing#standard costing#inventory close#costing methods