34. When using the moving average method of inventory valuation, a new unit cost must be computed after each: a) Purchase and issuance from inventory Purchase c) Month-end d) Issuance from inventory 35. When a portion of inventory has been pledged as security on a loan, a) The cost of the pledged inventory should be transferred from current to concurrent asset. b) An equal amount of retained earnings should be appropriated c) The fact should be disclosed but the amount of current assets should not be affected d) The value of the portion pledged should be subtracted from the debt 36. The inventory of a service provider is described as work in progress and includes; a) Labor cost of personnel directly engaged in providing the service. b) All of these are included in the inventory of a service provider. c) Attributable overhead incurred in providing the service. d) Compensation of supervisors directly engaged in providing the service. 37. How is a significant amount of consignment inventory reported? a) The inventory is combined with other inventory of the consignor. b) The inventory is reported separately on the consignee's statement of financial position. c) The inventory is reported separately on the consignor's statement of financial position. d) The inventory is combined with other inventory of the consignce