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answer me the following question Material-Costing Quantitative tools of Inventory Management?
Inventory costing methods place primary emphasis on assumptions about flow of costs.
The inventory costing method that reflects the cost flow in the reverse order and will report the earliest costs in ending inventory is last in first out. This makes use of a perpetual inventory system.
accuracy
to calculate the profit easilly
answer me the following question Material-Costing Quantitative tools of Inventory Management?
Inventory costing methods place primary emphasis on assumptions about flow of costs.
There are different inventory costing methods an accountant can use for cost o goods sold accounting. The methods include last in, first out, average cost method, first in, first out, and specific identification method.
The inventory costing method that reflects the cost flow in the reverse order and will report the earliest costs in ending inventory is last in first out. This makes use of a perpetual inventory system.
The selection of an inventory costing method has no significant impact on the financial statements. true or false
accuracy
to calculate the profit easilly
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LIFO - Last In First Out
LIFO - Last In First Out
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costs