Accounting


Word Scramble for...

Inventory &
Cost of Goods Sold

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If you have difficulty answering the following questions, learn more about this topic by reading our Explanation of Inventory & Cost of Goods Sold.



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Word Clue
Scrambled
Answer
 Unscrambled
Answer
 1. Inventory is reported as a _________ asset. RNREUCT CURRENT
 2. Inventory is often reported at the _______ of cost or market. WRELO LOWER
 3. FIFO and LIFO are examples of cost flow ________________. APINSMOTSUS ASSUMPTIONS
 4. Under this inventory system the balance in the Inventory account changes with each sale. LEAPUETRP PERPETUAL
 5. Under this inventory system the balance in the Inventory account does not change with each sale. RECIOPID PERIODIC
 6. A ___________ will report raw materials, work-in-process, and finished goods inventory. FNCREMTARAUU MANUFACTURER
 7. The freight cost on inventory items that are purchased FOB __________ point will be an inventoriable cost. HIGNPSPI SHIPPING
 8. There will be no freight-in on goods purchased FOB _______________. OSIATDNNETI DESTINATION
 9. The annual cost of goods sold divided by the average inventory balances is the inventory ______________ ratio. EVNUROTR TURNOVER
10. The normal selling price minus the estimated cost to complete and sell is the net ___________ value. ZBEIARLELA REALIZABLE



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