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The lifo cost flow assumption assumes that the cost of items purchased ______ are the costs that will be transferred first to cost of goods sold on the ______ ______.
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The lifo cost flow assumption assumes that the cost of items purchased ______ are the costs that will be transferred first to cost of goods sold on the ______ ______.

User Rtpg
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1 Answer

8 votes
Answer:
-Latest
-Income Statement
User Norepro
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