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Accounting Test 20
VOCAB
| Question | Answer |
|---|---|
| FIFO | FIRST, FIRST |
| LIFO | LAST, FIRST |
| Weighted Average Inventory Costing Method | AVERAGE |
| Gross Profit Method of Estimating Inventory | ESTIMATING |
| Inventory Record | FORM, PHYSICAL INVENTORY |
| Lower of Costs for Market Inventory Costing Method | LOWER OF COSTS |
| Market Value | REPLACE |
| Stock Ledger | FILE OF STOCK RECORDS |
| Stock Record | FORM, MERCHANDISE |