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Certified in Planning and Inventory Management (CPIM 8.0)

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$35 Last Update March 1, 2024 Total Questions : 150

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Certified in Planning and Inventory Management (CPIM 8.0) Questions and Answers

Questions 1

For a company that uses first in, first out (FIFO) inventory accounting, the actual use in production of a recently arrived shipment of more expensive components rather than lower-cost components

previously received will have which of the following results?

Options:

A.  

Higher cost of goods sold (COGS)

B.  

Lower COGS

C.  

No change to COGS

D.  

A violation of FIFO rules