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NO PLAGARISM, Answer two question please. Briefly describe the rationale for using a cost flow assumption, rather than the specific identification method, to value an

NO PLAGARISM, Answer two question please.

Briefly describe the rationale for using a cost flow assumption, rather than the specific identification method, to value an inventory. 2nd QUESTION Why do companies that use perpetual inventory systems also take an annual physical inventory? When is this physical inventory usually taken? Why?

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