Why is it necessary to use a cost flow assumption in many situations for valuing inventory and

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Why is it necessary to use a cost flow assumption in many situations for valuing inventory and determining cost of sales? Why can’t the actual cost of the goods sold be used to calculate cost of sales in these situations?

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Financial Accounting A Critical Approach

ISBN: 9780130193728

1st Edition

Authors: John Friedlan

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Question Posted: Jun 28, 2024 10:01 AM

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Why is it necessary to use a cost flow assumption in many situations for valuing inventory and

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Financial Accounting A Critical Approach

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