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OPTIONS: LIFO, FIFO, AVERAGE COST. Question 6 Which assumed inventory cost flow method: > (a) usually parallels the actual physical flow of merchandise? (b) assumes

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OPTIONS: LIFO, FIFO, AVERAGE COST.

Question 6 Which assumed inventory cost flow method: > (a) usually parallels the actual physical flow of merchandise? (b) assumes that goods available for sale during an accounting period are identical? (c) assumes that the latest units purchased are the first to be sold? >

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