Accountıng I Deneme Sınavı Sorusu #1236514
In which inventory cost flow method, ending inventory is based on the costs of the most recent purchases.
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Specific Identification Method |
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Average Cost Method |
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First-In, First-Out (FIFO) Method |
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Last-In, First-Out (LIFO) Method |
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Total Cost Method |
Yanıt Açıklaması:
First-In, First-Out (FIFO) Method is an inventory costing method in which the first costs into inventory are the first costs out to cost of goods
sold. Ending inventory is based on the costs of the most recent purchases.
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