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    Business
  3. Study Set
    Accounting Information for Business Decisions
  4. Exam
    Exam 6: Managing and Reporting Working Capital
  5. Question
    Adopting First in First Out (FIFO) or Specific Identification Method
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Adopting First in First Out (FIFO) or Specific Identification Method

Question 2

Question 2

True/False

Adopting first in first out (FIFO) or specific identification method of inventory calculation will not impact cost of goods sold and ending inventory balances.

Correct Answer:

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