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    Principles of Accounting Study Set 1
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    Exam 7: Inventories
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    Which Costing Method Can Only Be Used When It Is
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Which Costing Method Can Only Be Used When It Is

Question 75

Question 75

Multiple Choice

Which costing method can only be used when it is possible to identify units as coming from specific purchases?


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

Correct Answer:

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