The inventory costing method that is based on the assumption that costs should be charged against revenue
Question:
The inventory costing method that is based on the assumption that costs should be charged against revenue in the order in which they were incurred is:
A. FIFO.
C. average cost.
B. LIFO.
D. perpetual inventory.
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Related Book For
Financial Accounting
ISBN: 9780324380675
10th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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