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Which of the following statements describes the FIFO inventory valuation method? A. The goods are assumed to be sold overtime from oldest to newest B.

Which of the following statements describes the FIFO inventory valuation method? A. The goods are assumed to be sold overtime from oldest to newest B. It doesn't matter when the items are bought or sold because the cost is averaged C. The goods purchased last month are sold after the goods purchased this month D. The goods purchased last week are sold before the goods purchased last month

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