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    Exam 7: Inventories
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    The Two Most Widely Used Methods for Determining the Cost
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The Two Most Widely Used Methods for Determining the Cost

Question 46

Question 46

Multiple Choice

The two most widely used methods for determining the cost of inventory are


A) FIFO and LIFO
B) FIFO and average
C) LIFO and average
D) gross profit and average

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