Answer the following questions using the information below:
Goldfarb Company produces a specialty item. Management has provided the following information:

-Which of the following inventory costing methods results in the LEAST amount of costs being inventoried?
A)absorption costing
B)variable costing
C)throughput costing
D)direct costing

Question

Answer the following questions using the information below:
Goldfarb Company produces a specialty item. Management has provided the following information:
  
-Which of the following inventory costing methods results in the LEAST amount of costs being inventoried?
A)absorption costing 
B)variable costing 
C)throughput costing 
D)direct costing

Quizplus · Accepted Answer

Throughput costing results in the least amount of costs being inventoried because it only includes direct material costs in inventory, while other methods include additional costs such as labor and overhead.

Answer the Following Questions Using the Information Below