What are some advantages and disadvantages of the specific identification method of accounting for inventory?
Question:
What are some advantages and disadvantages of the specific identification method of accounting for inventory?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (18 reviews)
One advantage of the specific identification method is that both the ...View the full answer
Answered By
Leah Muchiri
I am graduate in Bachelor of Actuarial Science and a certified accountant. I am also a prolific writer with six years experience in academic writing. My working principle are being timely and delivering 100% plagiarized free work. I usually present a precised solution to every work am assigned to do. Most of my student earn A++ GRADE using my precised and correct solutions.
4.90+
52+ Reviews
125+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
What are some advantages and disadvantages of the profit/profitability numeric models?
-
What are some advantages and disadvantages of a sales incentive program in which the top performers receive a trip or other large reward, while other sales individuals receive lesser or different...
-
What are some advantages and disadvantages of operating as a public corporation?
-
Assume that on July 1, 2014, Big Corp. loaned little Corp. $12,000 for aperiod of one year at 6percent interest. What amount of interest revenue will big report for 2014? What amount of cash will big...
-
Discuss the five sources of power available to managers, and the ethical issues related to authoritarian and participatory leadership personality styles.
-
Damron, Inc., has 250,000 shares of stock outstanding. Each share is worth $81, so the companys market value of equity is $20,250,000. Suppose the firm issues 40,000 new shares at the following...
-
Trial weight runs have been completed, and the final weight calls for approximately 150 g. Using -inch plate steel, what size piece should be cut if a -inch welding rod is to be used for attaching...
-
The power quality of a transformer is measured by the quality of the voltage. Two causes of poor power quality are "sags" and "swells." A sag is an unusual dip and a swell is an unusual increase in...
-
a) Explain how considering aspects of Maslow's Hierarchy in the training and development program can help employees to be more engaged and productive at the organization. b) Offer a point on how...
-
A lossless line having an air dielectric has a characteristic impedance of 400. The line is operating at 200 MHz and Z in = 200 j200 . Use analytic methods or the Smith chart (or both) to find (a)...
-
Name and describe the four cost flow methods discussed in this chapter.
-
What are some advantages and disadvantages of using the FIFO method of inventory valuation?
-
Explain how the acceptance of large, high-risk audit clients for relatively high audit fees may threaten an audit firms de facto and perceived independence. Under what circumstances should such...
-
4. Consider an underwater shock wave (plane compression wave for simplification) interaction with a kidney stone (Longitudinal sound velocity 3.2 x 10 m/s and density 1.17 x 103 kg/m). Can you...
-
Assume at one time that nearly everyone in Medieval Europe believed the earth was flat. What may be said about their belief? Discuss.
-
Castillo Corporation, a manufacturer, reports costs for the year as follows: Direct Materials Used $745,000 Wages to Line Workers 595,000 Office Rent 13,500 Indirect Materials Used 675,000 How much...
-
When the brakes of a car are engaged, it slows down with a constant deceleration that has a magnitude a . When the brakes engaged at a speed of 2 4 m / s , it takes the car 7 . 3 m to come to a...
-
Graph the following equation by plotting two points. y-5=-2(x+7)
-
Which of the following organizations provides IT-related professional certifications? A. CompTIA B. ISACA C. ANSI D. All of the above E. Answers A and B only
-
Explain the circumstances that could result in a long-term bank loan being shown in a statement of financial position as a current liability.
-
What is the color of methyl red indicator in a solution of pH 5?
-
Because their three adult children have all at last left home, Joseph and Audrey Peck recently moved to a smaller house. Joseph owns a riding lawnmower he bought three years ago to take care of the...
-
Norwood Technologies has the capacity to annually produce either 50,000 desktop computers or 28,000 laptop computers. Relevant data for each product follow: Desktop Laptop Sales...
-
Quinn Machines Company is evaluating two customer orders. It can accept only one because of capacity limitations. The data associated with each order follow: Required a. Assume that Quinn has decided...
-
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted method and it reports the following unit data for the Forming department. Units completed in the...
-
Discuss and describe a specific process for creating artwork that involved procedures for combining diverse materials; describe in detail the selected product you posted. Part II Discuss and cite an...
-
What mechanisms do cells use to regulate vesicle trafficking within the endomembrane system, and how do SNARE proteins contribute to vesicle fusion ?
Study smarter with the SolutionInn App