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Decerm ne which of the following statements are correct regarding the difference between physical flow and the cost flow of invertory: (Check all that aoply)

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Decerm ne which of the following statements are correct regarding the difference between physical flow and the cost flow of invertory: (Check all that aoply) Cost flowe is an assumption about which poods/terts aro sold. Physical flewrefors to the actual movement of goods. Perishable items usually havo an actual pliysical flow of FIFO. Perishiblestems hime on actual physical fow of LFFO A basiness may adopt any cost fow assumption when accounting for peristiable items

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