[Answered] The inventory valuation method which assumes that the items purchased last are the first items to be ...

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Author Question: The inventory valuation method which assumes that the items purchased last are the first items to be ... (Read 221 times)

gbarreiro

Hero Member
Posts: 566

on: Jun 24, 2018

The inventory valuation method which assumes that the items purchased last are the first items to be sold is called the ___________________ _ method.
Fill in the blank(s) with correct word

Question 2

.19 written as a percent would be 19
Indicate whether the statement is true or false

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ecox1012

Sr. Member
Posts: 344

Reply #1 on: Jun 24, 2018

Answer to Question 1

LIFO

Answer to Question 2

TRUE

gbarreiro

Member
Posts: 566

Reply 2 on: Jun 24, 2018

Thanks for the timely response, appreciate it

parker125

Member
Posts: 332

Reply 3 on: Yesterday

Great answer, keep it coming

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