第六章单元测试
- The excess of sales revenue over cost of goods sold is:（ ）。
The perpetual inventory system:（ ）。
- Cost of goods sold:（ ）。
Merchandise inventory:（ ）。
（ ）。- Refer to Question 5. Using the average cost method, what is the cost of goods sold?（ ）。
- Refer to Question 5. What value is assigned to the ending inventory, if using FIFO?（ ）。
（ ）。- Refer to Question 8. What is the gross profit for this company?（ ）。
Inventory turnover:（ ）。
A:beginning inventory.
B:gross profit.
C:ending inventory.
D:cost of goods sold.
答案:gross profit.
A:other three choices are true. B:requires an annual count of inventory on hand.
C:is used by most businesses.
D:keeps a continuous record for each inventory item.
A:is the number of units of inventory purchased multiplied by cost per unit of inventory.
B:will be the same amount when using LIFO or FIFO, during a period of rising prices.
C:is the number of units of inventory sold multiplied by cost per unit of inventory.
D:will always be lower when using LIFO rather than FIFO, during a period of rising prices
A:is an expense on the income statement
B:both is the cost of inventory that has been sold and is an expense on the income statement C:is the cost of inventory that has been sold
D:neither is the cost of inventory that has been sold or is an expense on the income statement
A:$28.70
B:$27.33
C:$25.00
D:$22.00
A:$2,049.75
B:$2,152.50
C:$717.50
D:$1,875.00
A:$595.00
B:$625.00
C:$875.00
D:$550.00
A:$20,000
B:$35,000
C:$75,000
D:$55,000
A:$182,000
B:$35,000
C:$162,000
D:$197,000
A:other three choices are not true. B:indicates how rapidly inventory is sold.
C:is the ratio of cost of goods sold to average inventory.
D:both indicates how rapidly inventory is sold and is the ratio of cost of goods sold to average inventory
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