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actual cost flow



 
ESL Forum | English Teacher Explanations (ESL Tests)
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actual cost flow #1 (permalink) Tue Nov 16, 2010 16:52 pm   actual cost flow
 

Business English Lesson, Advanced Level

ESL/EFL Test #157 "Inventories", question 4

The ......... identification method records actual cost flow: each individual item and its cost must be accounted for.

(a) positive
(b) product
(c) specific
(d) total

Business English Lesson, Advanced Level

ESL/EFL Test #157 "Inventories", answer 4

The specific identification method records actual cost flow: each individual item and its cost must be accounted for.

Correct answer: (c) specific
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What is Actual Cost low.
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actual cost flow #2 (permalink) Tue Nov 16, 2010 23:45 pm   actual cost flow
 

Actual cost flow = the costs as they really apply to each item that flows through the inventory.
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