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which of the following statements is true? Inventory cost assumptions should always match physical inventory Now. Lo acheicve best matching LIFO Periodic and 1 IFO
which of the following statements is true?
Inventory cost assumptions should always match physical inventory Now. Lo acheicve best matching
LIFO Periodic and IFO perpetual systems always produce the same dollar amounts for ending inventory
During periods of increasing prices and stable inventory level, IFO will produce higher net income than FIFO
FIFO periodic and FIFO perpotual always produce the same dollar amounts for ost of goods sold
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