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Q: What are the three different inventory cost flow assumptions commonly used in commerce today and allowed by generally accepted accounting principles? How does your company, or a company you are
familiar with, determine what cost flow assumption it should use?
A: The FIFO Method; the LIFO Method;Computing Cost of Goods Sold in a Periodic Inventory System
Expert answered|vixson66|Points 80|
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Asked 10/30/2012 9:23:41 AM
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