Under the FIFO Method, the Flow of Goods Through the Accounting

Multiple Choice

Under the FIFO method, the flow of goods through the accounting records will:

A) be nearly the opposite of the physical flow of goods through the business.
B) closely match the physical flow of goods through the business.
C) exactly match the physical flow of goods through the business.
D) have no relationship to the physical flow of goods through the business.
E) sometimes match the physical flow of goods through the business.