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    College Accounting Study Set 2
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    Exam 15: Accounting for Merchandise Inventory
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    The Inventory Method That Assumes the Recent Goods Are Sold
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The Inventory Method That Assumes the Recent Goods Are Sold

Question 17

Question 17

Multiple Choice

The inventory method that assumes the recent goods are sold first is:


A) LIFO.
B) FIFO.
C) weighted-average.
D) specific invoice.

Correct Answer:

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