Homework answers / question archive / Which inventory costing method does a better job of matching revenues with a current measure of cost of goods sold: None of these are correct Both FIFO and LIFO methods approximate current cost in cost of goods sold FIFO OLIFO O Weighted Average D Question 4 2 pts Assume Hastings Company deposits $70,000 with First National Bank in an account earning interest at 4% per annum, compounded semi-annually

Which inventory costing method does a better job of matching revenues with a current measure of cost of goods sold: None of these are correct Both FIFO and LIFO methods approximate current cost in cost of goods sold FIFO OLIFO O Weighted Average D Question 4 2 pts Assume Hastings Company deposits $70,000 with First National Bank in an account earning interest at 4% per annum, compounded semi-annually

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Which inventory costing method does a better job of matching revenues with a current measure of cost of goods sold: None of these are correct Both FIFO and LIFO methods approximate current cost in cost of goods sold FIFO OLIFO O Weighted Average D Question 4 2 pts Assume Hastings Company deposits $70,000 with First National Bank in an account earning interest at 4% per annum, compounded semi-annually. How much will Hastings have in the account after five years? O $77,285 O $84,000 $85,330 O $103,617