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  3. Study Set
    Introductory Financial Accounting for Business Study Set 1
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    Exam 5: Accounting for Inventories
  5. Question
    The LIFO Cost Flow Method Assigns the Cost of the Items
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The LIFO Cost Flow Method Assigns the Cost of the Items

Question 92

Question 92

True/False

The LIFO cost flow method assigns the cost of the items purchased first to ending inventory.

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