ACC 102_Midterm Review Quiz

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ACC 102_Midterm Review Quiz

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Hard

John Servidad

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15 questions

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FILL IN THE BLANK QUESTION

2 mins • 2 pts

FILL IN THE BLANK QUESTION

2 mins • 2 pts

1. Under LCNRV by individual item, the inventory shall be measured at what amount?

FILL IN THE BLANK QUESTION

2 mins • 2 pts

2. Under LCNRV by total, the inventory shall be measured at what amount?

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2 mins • 2 pts

FILL IN THE BLANK QUESTION

2 mins • 2 pts

1. What is the cost of goods available for sale?

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2 mins • 2 pts

2. What is the cost of goods sold?

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30 sec • 2 pts

3. What is the estimated cost of inventory shortage?

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