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    Financial and Managerial Accounting Study Set 8
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    Exam 8: Inventories and the Cost of Goods Sold
  5. Question
    An Advantage of the Average-Cost Method of Accounting for Inventory
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An Advantage of the Average-Cost Method of Accounting for Inventory

Question 20

Question 20

True/False

An advantage of the average-cost method of accounting for inventory is that the inventory is valued in the balance sheet at current replacement costs.

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