Listed below are 5 terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
-Cost index
A)Method not feasible for most inventories.
B)Most recent purchases will be included in cost of goods sold.
C)The cost of components purchased from other manufacturers.
D)Used to convert ending inventory at year-end cost to base year cost.
E)Could be used instead of an internally generated index in dollar-value LIFO computations.

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The Answer of Listed below are 5 terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
-Cost index
A)Method not feasible for most inventories.
B)Most recent purchases will be included in cost of goods sold.
C)The cost of components purchased from other manufacturers.
D)Used to convert ending inventory at year-end cost to base year cost.
E)Could be used instead of an internally generated index in dollar-value LIFO computations.

Listed Below Are 5 Terms Followed by a List of Phrases