Stock report
Stock journal
Stock analysis
Stock summary
Answer is Wrong!
Answer is Right!
The correct answer is B. Stock journal.
A stock journal is a document that records all the transactions related to a company’s inventory. This includes purchases, sales, and adjustments. The stock journal is used to calculate the cost of goods sold and the ending inventory balance.
The other options are incorrect because they do not list inventory valuation methods.
- A. Stock report is a document that summarizes the information in the stock journal. It includes the total cost of goods sold, the ending inventory balance, and the gross profit.
- C. Stock analysis is a document that analyzes the information in the stock journal. It includes the inventory turnover ratio, the days’ sales in inventory, and the gross margin percentage.
- D. Stock summary is a document that provides a brief overview of the company’s inventory. It includes the total number of units in inventory, the total cost of inventory, and the average cost per unit.