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    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 7: Inventories: Cost Measurement and Flow Assumptions
  5. Question
    Which of the Following Inventory Cost Flow Assumptions Produces the Same
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Which of the Following Inventory Cost Flow Assumptions Produces the Same

Question 15

Question 15

Multiple Choice

Which of the following inventory cost flow assumptions produces the same ending inventory values under both the periodic and perpetual systems?


A) FIFO
B) LIFO
C) weighted average
D) dollar-value LIFO

Correct Answer:

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