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Match Each Description to the Appropriate Cost Flow Assumption (A-D)

Question 131

Multiple Choice

Match each description to the appropriate cost flow assumption (a-d) .
-Cost flow is assumed to be in the reverse order of costs incurred.

A) Weighted average
B) First-in, first-out (FIFO)
C) Last-in, first-out (LIFO)
D) Specific identification

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