Which cost flow assumption assumes that the last units purchased are the first units sold? a. LIFO b. FIFO c. Specific identification d. Weighted average cost

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asked Aug 10, 2023 173k views

9 votes

Which cost flow assumption assumes that the last units purchased are the first units sold?

a. LIFO
b. FIFO
c. Specific identification
d. Weighted average cost

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college

Ysak asked

by Ysak

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1 Answer

4 votes

The answer is a. LIFO

Blubberbo answered Aug 14, 2023

by Blubberbo

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