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    Fundamental Accounting Principles Study Set 1
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    Exam 6: Inventories and Cost of Sales
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    The Assignment of Costs to the Cost of Goods Sold
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The Assignment of Costs to the Cost of Goods Sold

Question 112

Question 112

True/False

The assignment of costs to the cost of goods sold and to ending inventory using FIFO is the same for both the perpetual and periodic inventory systems.

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