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Which of the following statements is true regarding the average cost method? average cost = total cost of purchases / total units purchased is used

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Which of the following statements is true regarding the average cost method? average cost = total cost of purchases / total units purchased is used with the periodic inventory method all are true is only calculated at the end of the period and includes all purchases for the accounting period Question 19 What is the objective of a good internal control system? safeguard company assets enhance the accuracy reliability of the accounting records all are correct reduce the risk of error

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