Câu 63: IIA-CIA-PART3: Certified Internal Auditor - Part 3 Business Analysis and Information Technology

An internal auditor found the following information while reviewing the monthly financial statements for a wholesaler of safety glasses:Opening inventory: 1,000 units at $2 per unitPurchased: 5,000 units at $3 per unitSold: 3,000 units at $7 per unitThe cost of goods sold was reported at $8,500. Which of the following inventory methods was used to derive this value?

1. A. Average cost method. — đáp án hiện tại
2. B. First-in, first-out (FIFO) method.
3. C. Specific identification method.
4. D. Activity-based costing method.