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11. What is the first-in, first-out (FIFO) method used for? A. Calculating normal/abnormal losses B. Estimating equivalent units C. Valuing raw material issues from inventory

11. What is the first-in, first-out (FIFO) method used for?

A. Calculating normal/abnormal losses

B. Estimating equivalent units

C. Valuing raw material issues from inventory

D. Valuing raw material receipts into inventory

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