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A method of allocating merchandise cost that assigns the most recent purchased costs to the ending inventory shown on the balance sheet is called the
A method of allocating merchandise cost that assigns the most recent purchased costs to the ending inventory shown on the balance sheet is called the: First-in First-out method of inventory costing.
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neildychauco|Points 326|
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Asked 5/1/2015 11:59:35 AM
Updated 5/2/2015 9:13:11 AM
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This answer has been confirmed as correct and helpful.
Edited by debnjerry [5/2/2015 9:13:09 AM], Confirmed by debnjerry [5/2/2015 9:13:11 AM]
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