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Match the following terms with their definitions: = both the Balance Sheet and the Income Statement are affected by the Ending Inventory Amount = describes

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Match the following terms with their definitions: = both the Balance Sheet and the Income Statement are affected by the Ending Inventory Amount = describes the actual physical movement of inventory through a business = is the assumed assignment of cost to goods sold and to ending inventory FIFO; LIFO; Weighted Average Cost Method Importance of Accounting for Inventory; Physical Inventory "Goods Flow;" Costing Inventory "Cost Flow" Physical Inventory "Goods Flow;" Costing Inventory "Cost Flow;" Importance of Accounting for Inventory Inventory Turnover Ratio; Physical Inventory "Goods Flows;" Costing Inventory "Cost Flow" Specific Identification Method; Physical Inventory "Goods Flow;" Importance of Accounting for Inventory

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