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I am working on discussion question #1 for ACC 310 at Ashford University. We are studying standard coating and FIFO and weighted average costing.The question

I am working on discussion question #1 for ACC 310 at Ashford University. We are studying standard coating and FIFO and weighted average costing.The question is as follows:Are there any accounting principles that would dictate one or the other of these methods be used for product costing and inventory valuation?

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