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

Question

chloeroebuck2021 chloeroebuck2021

05-03-2022
Business

Answered

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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 :

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