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Find Which a FIFO perpetual inventory system?

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Reference no: EM132608123

Question 1: A FIFO perpetual inventory system _______.

A. assigns the most recent costs to ending inventory

B. does not match the typical physical flow of goods

C. reports the oldest costs for ending inventory values

D. assigns the most recent costs to cost of goods sold when goods are sold

Reference no: EM132608123

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