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What is the inventory method that considers the inventory to be composed of the units of merchandise acquired earliest?
Wiki User
∙ 14y ago
LIFO - last in first out.
Wiki User
∙ 14y ago
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Under which method of cost flows is the inventory assumed to be composed of the most recent costs?
last in first out
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The balance of payments is composed of the current account and the capital account, plus the monetary account (changes in reserve assets) which is really a settlement account of the above two.
Under which method of cost flows is the inventory assumed to be composed of the most recent costs?
last in first out
What is inventory valuation and its objectives?
The stock of the same type of material is composed of different consignments purchased at different times and at differen rates.
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