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Specific identification method. LIFO method. Question 19 3 pts Physical counts of inventory: Must be taken at least once a month. Are not necessary under

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Specific identification method. LIFO method. Question 19 3 pts Physical counts of inventory: Must be taken at least once a month. Are not necessary under the perpetual system. Are necessary to adjust the Inventory account to the actual inventory available. Requires the use of hand-held portable computers. 3 pts D Question 20 What type of account is Merchandise Inventory

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