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Assume that Sandra, a sole proprietor, maintains an inventory and can specifically identify items with their actual costs and invoices. Which of the following is
Assume that Sandra, a sole proprietor, maintains an inventory and can specifically identify items with their actual costs and invoices. Which of the following is listed incorrectly as a method she can use to identify the cost of items in inventory?
a) Specific identification
b) First-in, last-out
c) First-in, first-out
d) Last-in, first out
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