Adv. Accounting - Chapter 6 Review

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A person or business that gives goods on consignment is called the

The costing method that uses the lower of cost or market price to calculate the cost of ending merchandise inventory is called

The inventory method that uses the average cost of beginning inventory plus merchandise purchased during a fiscal period to calculate the cost of merchandise sold is called

A form used during a periodic inventory to record information about each item of merchandise on hand is called a(n)

The number of times the average amount of merchandise inventory is sold during a specific period of time is called the

The costing method that uses the price of merchandise purchased last to calculate the cost of merchandise sold first is called

The method of estimating inventory by using a percentage based on both cost and retail prices is called

A completed form authorizing a seller to deliver goods with payment to be made later is called a(n)