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A company began business on March 1, 2019. They only made 2 purchases of inventory in 2019: 1000 units in March and 4000 units in
- A company began business on March 1, 2019. They only made 2 purchases of inventory in 2019: 1000 units in March and 4000 units in October. Their December 31st balance sheet only showed inventory from March therefore the company:
- must be using LIFO inventory method
- must be using FIFO inventory
- must be using weighted average inventory
- did not sell any inventory
- must be using LIFO inventory method
- must be using FIFO inventory
- must be using weighted average inventory
- did not sell any inventory
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Auditing IT Infrastructures For Compliance
Authors: Martin Weiss, Michael G. Solomon
2nd Edition
1284090701, 978-1284090703
