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    Fundamentals of Financial Accounting Study Set 5
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    Exam 7: Reporting and Interpreting Inventories and Cost of Goods Sold
  5. Question
    The Assignment of Costs to Cost of Goods Sold and to Inventory
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The Assignment of Costs to Cost of Goods Sold and to Inventory

Question 26

Question 26

True/False

The assignment of costs to cost of goods sold and to inventory using the weighted average method usually yields different results depending on whether a perpetual or a periodic system was used.

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