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Which of the following inventory costing methods requires the organization to account for the actual cost paid for the unit being sold?

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(@pochethurman)
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Which of the following inventory costing methods requires the organization to account for the actual cost paid for the unit being sold?

  • A . Last-in-first-Out (LIFO}.
    B. Average cost.
    C. First-in-first-out (FIFO).
    D. Specific identification

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Suggested Answer: C
 
Posted : 26/11/2022 6:50 pm

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