Multiple Choice
Match each description to the appropriate cost flow assumption (a-d) .
-The cost of the units sold and in ending inventory is a weighted average of the purchase costs.
A) Weighted average
B) First-in, first-out (FIFO)
C) Last-in, first-out (LIFO)
D) Specific identification
Correct Answer:
Verified
Correct Answer:
Verified
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