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An advantage of the _____ costing method is that the cost of goods sold approximates its current cost.
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An advantage of the _____ costing method is that the cost of goods sold approximates its current cost.

User Alexey Demin
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5 votes

Answer:

LIFO

Step-by-step explanation:

it assigns an amount to cost of goods sold on the income statement which approximates with the current cost, it is a better match for current cost with the related revenues

User G M Ramesh
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