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A company ended 2015 with ending inventory consisting of an item that had 4 units at an assigned cost of $5 each for a total
A company ended 2015 with ending inventory consisting of an item that had 4 units at an assigned cost of $5 each for a total of $20. At the end of 2020, which inventory costing method would be most likely to still have ending inventory that included the assigned cost for these 4 units at $5 each?
A) Specific Identification
B) FIFO
C) LIFO
D) Weighted Average
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