189. The _____________________ is a measure of how quickly a merchandiser sells its merchandise inventory.
190. The ______________________ method of assigning costs to inventory and cost of goods sold is usually only practical for companies with expensive, custom-made inventory.
191. The _____________________ method of assigning costs to inventory and cost of goods sold assumes that the inventory items are sold in the order acquired.
192. The ______________________ method of assigning costs to inventory and cost of goods sold assumes that the most recent purchases are sold first.
193. The ______________________ method of assigning costs to inventory and cost of goods sold requires that the cost of goods available for sale be divided by the units of inventory available when each sale takes place.
194. Regardless of what inventory method or system is used, cost of goods available for sale must be allocated between ___________________ and ___________________.
195. When applying the lower of cost or market method of inventory valuation, market is defined as the ______________________.
196. When the __________ method is used with a periodic inventory system, cost of goods sold is assigned costs from the most recent purchases for the period.
197. The _________________ method is commonly used to estimate the value of inventory that has been destroyed, lost or stolen.