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Whichstatement relating to the moving average method of costing inventories, used with the perpetual inventory system, iscorrect? Select one: A new average cost is calculated

Whichstatement relating to the moving average method of costing inventories, used with the perpetual inventory system, iscorrect?

Select one:

A new average cost is calculated at the end of each month.

A new average cost is calculated after each sale.

A new average cost is calculated after each purchase.

A new average cost is calculated after each sale and each purchase.

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