Decisions management must make in accounting for inventory cost include all of the following except:
A)Costing method.
B)Perpetual or periodic inventory system.
C)Customer demand for inventory.
D)Use of market values or other estimates.
E)Items included in inventory and their costs.

Question

Quizplus · Accepted Answer

Customer demand for inventory is not a decision that management needs to make when accounting for inventory cost. The decisions that must be made include the costing method, the perpetual or periodic inventory system, the use of market values or other estimates, and the items included in inventory and their costs.

Decisions Management Must Make in Accounting for Inventory Cost Include