Under which inventory cost flow assumption does inventory on the balance sheet least approximate its current cost?
a. First-in, first-out
b. Last-in, first-out
c. Weighted average cost

Question

16-06-2024
Business

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Under which inventory cost flow assumption does inventory on the balance sheet least approximate its current cost?
a. First-in, first-out
b. Last-in, first-out
c. Weighted average cost

Sagot :

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Under which inventory cost flow assumption does inventory on the balance sheet least approximate its current cost? a. First-in, first-out b. Last-in, first-out c. Weighted average cost

Sagot :

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Under which inventory cost flow assumption does inventory on the balance sheet least approximate its current cost?
a. First-in, first-out
b. Last-in, first-out
c. Weighted average cost