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  3. Study Set
    Fundamental Accounting Principles Study Set 1
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    Exam 6: Inventories and Cost of Sales
  5. Question
    Under FIFO, the Most Recent Costs Are Assigned to Ending
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Under FIFO, the Most Recent Costs Are Assigned to Ending

Question 217

Question 217

True/False

Under FIFO, the most recent costs are assigned to ending inventory.

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