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    Intermediate Accounting Study Set 3
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    Exam 8: Cost-Based Inventories and Cost of Sales
  5. Question
    FIFO Will Produce the Same Ending Inventory Result Regardless of Whether
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FIFO Will Produce the Same Ending Inventory Result Regardless of Whether

Question 31

Question 31

True/False

FIFO will produce the same ending inventory result regardless of whether a periodic or perpetual inventory system is used.

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