Participation Questions - Chapter 6

  • Due Oct 25, 2015 at 11:59pm
  • Points 7
  • Questions 5
  • Available Oct 19, 2015 at 1pm - Oct 25, 2015 at 11:59pm
  • Time Limit None

Instructions

Questions:

  • How much ‘inventory’ did Apple sell in 2014?
  • At what amount is inventory recorded in the balance sheet?
      • Reduced selling price of inventory, Cost of inventory, or Market selling price of inventory
  • What company was featured in the video we watched showing the receipt and shipment of inventory products?
      • Apple, Amazon, Fed Ex, or Sears
  • How many inventory costing methods were introduced in this chapter (we only focus on 2, but more were introduced)?
      • 3, 4, 5, or 6
  • What inventory costing method does Apple use?
      • Specific Unit, Weighted Average, FIFO, or LIFO
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