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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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34 votes
34 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 Mateusz Stefaniak
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1 Answer

24 votes
24 votes
The answer is a. LIFO
User TimLeary
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