What cost flow assumptions used to value ending inventory

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Reference no: EM132448660 , Length: word count :- 200

Question 1: why do you value ending inventory and cost of goods sold. What are the cost flow assumptions used to value the ending inventory and cost of goods sold. Discuss the various cost flow assumptions illustrating the effect of each cost flow assumption on the net income and on the current assets. You can support your answers with the example of real company's balance sheet.

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