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  3. Study Set
    Fundamental Accounting Principles Study Set 2
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    Exam 6: Merchandise Inventory and Cost of Sales
  5. Question
    When the ______________ Cost Flow Assumption Is Used with a Periodic
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When the ______________ Cost Flow Assumption Is Used with a Periodic

Question 9

Question 9

Short Answer

When the ______________ cost flow assumption is used with a periodic system,cost of goods sold is assigned costs from the earliest purchases for the period.

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