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    Financial Accounting Study Set 2
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    Exam 7: Inventory and the Cost of Sales
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    Which Inventory Cost Flow Assumption Is Most Often Used by Businesses
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Which Inventory Cost Flow Assumption Is Most Often Used by Businesses

Question 85

Question 85

Multiple Choice

Which inventory cost flow assumption is most often used by businesses that sell a limited number of high-priced items?


A) Average cost
B) FIFO
C) Specific identification
D) LIFO

Correct Answer:

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