In groups of four or five students, choose one of these inventory cost flow methods: FIFO, LIFO,

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In groups of four or five students, choose one of these inventory cost flow methods: FIFO, LIFO, average cost, specific identification.

\section*{Instructions}

(a) Discuss the assumed cost flow method and its effects on the financial statements if adopted.

(b) Explain to the class how to implement the method you chose and its effects on the financial statements that you discussed earlier.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 13, 2024 02:10 AM

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In groups of four or five students, choose one of these inventory cost flow methods: FIFO, LIFO,

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Financial Accounting Tools For Business Decision Making

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