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    Accounting Study Set 4
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    Exam 7: Inventories
  5. Question
    Ending Inventory Is Made Up of the Oldest Purchases When
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Ending Inventory Is Made Up of the Oldest Purchases When

Question 153

Question 153

Multiple Choice

Ending inventory is made up of the oldest purchases when a company uses


A) first-in, first-out
B) last-in, first-out
C) average cost
D) retail method

Correct Answer:

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