What are the major advantage and major disadvantage of the specific identification method of inventory costing?
Question:
What are the major advantage and major disadvantage of the specific identification method of inventory costing?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
The major advantage of the specific iden...View the full answer
Answered By
Felix Mucee
I am a detailed and thorough professional writer with 5 years of administrative experience- the last 2 years in academic writing and virtual office environment. I specialize in delivering quality services with respect to strict deadlines and high expectations. I am equipped with a dedicated home office complete with a computer, copier/scanner/fax and color printer.
I provide creative and detailed administrative, web search, academic writing, data entry, Personal assistant, Content writing, Translation, Academic writing, editing and proofreading services. I excel at working under tight deadlines with strict expectations. I possess the self-discipline and time management skills necessary to have served as an academic writer for the past five years. I can bring value to your business and help solve your administrative assistant issues.
4.70+
13+ Reviews
33+ Question Solved
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
What is one advantage and one disadvantage of Monte Carlo analysis for predicting a project schedule?
-
What is one advantage and one disadvantage of the Sharpe ratio?
-
What is generalized audit software (GAS)? What are the major audit tasks for which an auditor would use it? What are its major advantages?
-
Torres Investments acquired $160,000 of Murphy Corp., 5% bonds at their face amount on October 1, Year 1. The bonds pay interest on October 1 and April 1. On April 1, Year 2, Torres sold $60,000 of...
-
The Kamp family has twins, Rob and Rachel. Both Rob and Rachel graduated from college two years ago, and each is now earning $50,000 per year. Rachel works in the retail industry, where the mean...
-
When working in a group setting, what are some of the strategies you would implement to encourage group cohesiveness and reduce social loafing?
-
How do you classify centrifugal pumps?
-
Suppose the real rate is 2.5 percent and the inflation rate is 4.7 percent. What rate would you expect to see on a treasury Bill?
-
Write a program to build a text histogram of the distribution of letter frequencies in an input string. Get input from the user using the provided code, which uses lower () to convert the string to...
-
A young, very creative, artistic woman wants to start her own graphic design business. If she is out of the office looking for new clients, she is not producing any work that generates income. What...
-
Ben Winslow believes that the allocation of cost of goods available for sale should be based on the actual physical flow of the goods. Explain to Ben why this may be both impractical and...
-
In a period of rising prices, the inventory reported in Knott Companys balance sheet is close to the current cost of the inventory, whereas Quirk Companys inventory is considerably below its current...
-
Write the following Java expressions in mathematical notation. a. dm = m * (Math.sqrt(1 + v / c) / Math.sqrt(1 - v / c) - 1); b. volume = Math.PI * r * r * h; c. volume = 4 * Math.PI * Math.pow(r, 3)...
-
In your own words, define the following types of reporting entities/structures and provide at least one example. a. Dual-listed entities b. Parent, child, grandchild group structures c. Partially...
-
Which theory of deviance do you most agree with and why ?
-
Answer the following questions in point form. You will revisit these at the end of the learning activity. 1. What is a chemical reaction? Can you write an example of one? 2. What happens to atoms...
-
What is the reality of the dangerousness of those with mental health problems ?
-
How does your own cultural story influence your ability to work in cross-cultural situations? What are you bringing to the social work profession ?
-
Name three increased challenges for a global and/or virtual team.
-
Accounting policies and practices that are most important to the portrayal of the companys financial condition and results, and require managements most difficult, subjective, or complex judgments...
-
Write the Lewis structure and molecular orbital diagram for NO. What bond order and number of unpaired electrons does each predict for NO?
-
Nick Company had the following transactions during April. 1. Sold merchandise on account. 2. Purchased merchandise on account. 3. Collected cash from a sale to Athletic Company. 4. Recorded accrued...
-
Donahue Company uses both special journals and a general journal as described in this chapter. On June 30, after all monthly postings had been completed, the Accounts Receivable control account in...
-
Presented below is the subsidiary accounts receivable account of Jeremy Dody. Write a memo to Andrea Barden, chief financial officer, that explains eachtransaction. Debit | Credit Balance Date Ref....
-
Question: Part One: Memo Write an analysis of the impact of tax laws and incentives as demonstrated in this current years tax return. Specifically, you must address the following: Explain the...
-
From the following ledger balances, prepare a trial balance for the Cheyenne Corp. at June 3 0 , 2 0 2 2 . All account balances are normal.Accounts Payable $ 1 0 , 0 0 0 , Cash $ 7 , 4 0 0 , Common...
-
Kathy is mixing fruit punch in a 32-cup punch bowl for a party. She plans to add at least 20 cups of fruit juice to the bowl before adding ginger ale. Identify the graph that represents the amounts...
Study smarter with the SolutionInn App