Basic methods to calculate the value of inventory

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Reference no: EM131954865

1. Which is not included in the three basic methods to calculate the value of inventory?

A. The first-in, first-out method

B. The last-in, first-out method

C. The average cost method

D. The estimate cost method

2. A market study suggests a value of $25,000 per acre for the property described here. Find the indicated total market value. Legal Description: The E 1/2 of the NE 1/4 of the NE 1/4 of the NE 1/4 of Section 1, Township 4 N, Range 4 E, San Bernardino Baseline and Meridian.

a. $250,000

b. $125,000

c. $500,000

d. None of the above

3. The ability to use an asset in manner other than the project being consider is which type of cost

A- Sunk Cost

B- opportunity Cost

C- Average Cost

D - Depreciation cost

Reference no: EM131954865

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