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    Financial Accounting Study Set 10
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    Exam 6: Inventory Cost of Goods Sold
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    If Martson and Co
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If Martson and Co

Question 48

Question 48

Multiple Choice

If Martson and Co. make the following journal entries, they are using the ________ inventory system. If Martson and Co. make the following journal entries, they are using the ________ inventory system.     A)  periodic B)  perpetual C)  FIFO D)  LIFO If Martson and Co. make the following journal entries, they are using the ________ inventory system.     A)  periodic B)  perpetual C)  FIFO D)  LIFO


A) periodic
B) perpetual
C) FIFO
D) LIFO

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