Question 25 Which of the following statement is correct with spect to wers! Under Furthe endors based on the latest FIFO seldom coincides with the actual cowo It is generally good business management to the most recently cost The FIFO method assumes that the costs of the earliest goods cured are the last to be Question 26 325 pts When is a physical inventory usually taken? "When goods are not being sold or received, When the company has its greatest amount of inventory and at the end of the company's fiscal year, At the end of the company's fiscal year. When the company has its greatest amount of inventory. Question 27 3.25 pts