UNIT 1 — MILESTONE 1
12/14
12/14 <D that's 6% ‘ RETAKE
() 12 questions were answered correctly.
2 questions were answered incorrectly.
T @
Which of the following would cause a robot manufacturing
company to classify its robots as finished goods?
When the robots are ready for
O programming and testing
When the robots have been
O shipped to retailers
When the robots pass inspection
(v ] © and are ready for sale
When the robots are being
O assembled and painted
RATIONALE
When the robots are complete and are ready for sale but have
not yet been sold, the robots are considered finished goods.
CONCEPT
— Costs for Manufacturers
, UNIT 1 — MILESTONE 1
12/14
- O
Which of the following is a benefit of using the weighted
average inventory method?
O Tax expense is higher.
g
Income cannot be easily
o (o manipulated.
There is a reduced risk of
O inventory items becoming
expired or otherwise obsolete.
Companies that sell
nonperishable items can
O calculate their cost of the goods
sold using the current prices.
RATIONALE
One of the major benefits of the weighted average method is
that income cannot be easily manipulated, which is important
when making decisions based on the financial statement
information.
CONCEPT
— Valuing Inventory
Report an issue with this question
12/14
12/14 <D that's 6% ‘ RETAKE
() 12 questions were answered correctly.
2 questions were answered incorrectly.
T @
Which of the following would cause a robot manufacturing
company to classify its robots as finished goods?
When the robots are ready for
O programming and testing
When the robots have been
O shipped to retailers
When the robots pass inspection
(v ] © and are ready for sale
When the robots are being
O assembled and painted
RATIONALE
When the robots are complete and are ready for sale but have
not yet been sold, the robots are considered finished goods.
CONCEPT
— Costs for Manufacturers
, UNIT 1 — MILESTONE 1
12/14
- O
Which of the following is a benefit of using the weighted
average inventory method?
O Tax expense is higher.
g
Income cannot be easily
o (o manipulated.
There is a reduced risk of
O inventory items becoming
expired or otherwise obsolete.
Companies that sell
nonperishable items can
O calculate their cost of the goods
sold using the current prices.
RATIONALE
One of the major benefits of the weighted average method is
that income cannot be easily manipulated, which is important
when making decisions based on the financial statement
information.
CONCEPT
— Valuing Inventory
Report an issue with this question
