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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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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

User Ysak
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1 Answer

4 votes
The answer is a. LIFO
User Blubberbo
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