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    Financial Accounting Study Set 10
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    Exam 6: Inventory Cost of Goods Sold
  5. Question
    Sales Revenue Is Based on the ________ Price of the Inventory
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Sales Revenue Is Based on the ________ Price of the Inventory

Question 75

Question 75

Multiple Choice

Sales revenue is based on the ________ price of the inventory, while cost of goods sold is based on the ________ of the inventory.


A) cost, sales
B) cost, cost
C) sales, sales
D) sales, cost

Correct Answer:

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