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  2. Topic
    Business
  3. Study Set
    Auditing and Assurance Services
  4. Exam
    Exam 7: Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts, Audit of the Payroll and Personnel Cycle, Audit of the Inventory and Warehousing Cycle
  5. Question
    Which of the Following Is Not a Generally Recognized of Inventory
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Which of the Following Is Not a Generally Recognized of Inventory

Question 25

Question 25

Multiple Choice

Which of the following is not a generally recognized of inventory valuation method?


A) FIFO.
B) LOFO.
C) LIFO.
D) Weighted average.

Correct Answer:

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