CFA考试一级章节练习题精选0331-13（附详解）
、A U.S. pulp brokerage firm which prepares its financial statements according to U.S. GAAP and uses a periodic inventory system had the following transactions during the year:
The cost of sales (in ‘000s) is closest to:【单选题】 A.$3,850 using FIFO. B.$4,080 using LIFO.
C.$5,890 using weighted average.
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正确答案:A
答案解析:\ 2011 Modular Level I, Vol.3, pp.382-386 Study Session: 9-36-c, e
Calculate cost of sales and ending inventory using different inventory valuation methods and explain the impact of the inventory valuation method choice on gross profit.
Compare and contrast cost of sales, ending inventory, and gross profit using different inventory valuation methods. FIFO cost of sales is $3,850 as per the table.
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CFA考试一级章节练习题精选0331-13(附详解)
