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    Fundamental Accounting Principles Study Set 5
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    Exam 6: Inventories and Cost of Sales
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    The Inventory Valuation Method That Tends to Smooth Out Erratic
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The Inventory Valuation Method That Tends to Smooth Out Erratic

Question 46

Question 46

Multiple Choice

The inventory valuation method that tends to smooth out erratic changes in costs is:


A) FIFO.
B) Weighted average.
C) LIFO.
D) Specific identification.
E) WIFO.

Correct Answer:

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