Multiple Choice
The most recent purchase price becomes the default for the next invoice when -
A) the inventory is over stocked
B) you type in the amount and the quantity,there is no need to calculate unit price
C) a new price has been entered for an inventory purchase
D) a sale causes the inventory level to drop below zero
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Which one of the following statements about
Q6: The inventory journals may be used for
Q7: Typing a letter or number of an
Q8: To correct a sales invoice that was
Q9: If freight shipping charges had been incorrectly
Q11: In the sales journal,inventory item selection lists
Q12: To report on the number of units
Q13: When setting up a new inventory item
Q14: Which of the following best describes inventory
Q15: Regular inventory purchases and sales journal entries