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    Cornerstones of Financial Accounting Study Set 3
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    Exam 6: Cost Of Goods Sold and Inventory
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    Which Inventory Cost Flow Method Assigns the Cost of the Most
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Which Inventory Cost Flow Method Assigns the Cost of the Most

Question 198

Question 198

Multiple Choice

Which inventory cost flow method assigns the cost of the most recent items purchased to ending inventory?


A) specific identification
B) weighted average cost
C) FIFO
D) LIFO

Correct Answer:

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