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qn 8 Feedback Theck My Work a . When the FIFO method is used, costs are included in cost of goods sold in the order
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Theck My Work
a When the FIFO method is used, costs are included in cost of goods sold in the order in which they were purchased.
When the LIFO method is used, the cost of the units sold is the cost of the most recent purchases.
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Research Methods In Accounting
Authors: Malcolm Smith
5th Edition
1526490676, 978-1526490674
