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    Financial and Managerial Accounting Study Set 8
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    Exam 8: Inventories and the Cost of Goods Sold
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    Which of the Following Inventory Approaches Is Not in Accord
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Which of the Following Inventory Approaches Is Not in Accord

Question 48

Question 48

Multiple Choice

Which of the following inventory approaches is not in accord with the physical flow of merchandise in most businesses?


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

Correct Answer:

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