$\frac{1}{25}\frac{?}{25},11$:$24$ AM

Training detail: Curriculum

Test $-$ Cost of Goods Sold $(2023)$

Section $4$

Question $5$ of $5.$

Which of the following is true regarding the electable UNICAP cost allocation methods as described in the Treasury regulations?

They include the simplified production method, the simplified hybrid method, and the simplified resale method.

They all require the business to calculate an 'absorption ratio.$\text{'}$

They can only be used by businesses that use the FIFO method to track inventory.

Any change in the method used by a business will generally require it to complete Form $3115.$