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Over the course of a month, ABC co made 4 purchases. These are outlined in the table below. At the end of month, ABC sold
Over the course of a month, ABC co made 4 purchases. These are outlined in the table below. At the end of month, ABC sold 150 units for exist16 each. At the end of the month, , ABC sold 150 units for exist16 each. Determine which Inventory valuation method will result in the lowest value of inventory? Using the above information, which inventory valuation method will result in the lowest value of inventory? At that the inventory balance before the first purchase was zero. Select one: a. FIFO b. LIFO c. Average cost d. None of the choices
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