Question

Question 7 3 pts Inventory costing procedures used by businesses are the same in all countries. True False Question 8 3 pts A weighted average approach to costing inventory most naturally fits operations that involve differentiated products of high unit value. True False Question 9 3 pts Merchandise inventory as the inventory of goods that a merchandising company buys from a manufacturing company and makes available for sale to its customers. True False

Answer 1

# costing procedures used may vary based on the nature of product and movement of the product etc. They can't be same hrones in all business and countries Answer & False ♡ Weighted average costing method is used when company produres (or) purchases most identical produits having almost same value. Answer False @ True Merchandise inventory are goods purchased by a merchandising company from manufacturing company and makes them available to customers.

② True Raw material includes , raw materials and components purchased for production purposes but that have not get been placed into the production. * If they are ploued into the production and completed that then it is called not work in progress. we can multiple write first four questions when questions are posted - As per HomeworkLib policy.