Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Get the answers you need quickly and accurately from a dedicated community of experts on our Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Which cost flow assumption assumes that the first units purchased are the first units sold?

a. LIFO
b. FIFO
c. Specific identification
d. Weighted average cost

Sagot :

The answer is b. FIFO
Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.