The inventory allocation method that assigns the most recent costs to ending inventory and the oldest costs

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The inventory allocation method that assigns the most recent costs to ending inventory and the oldest costs to cost of goods sold is the ______.

A. specific identification method

B. LIFO method

C. moving-average method

D. FIFO method

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Posted Date: Aug 28, 2022 07:52 AM

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The inventory allocation method that assigns the most recent costs to ending inventory and the oldest costs

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Answer B LIFO method The inventory allocation method that as... View the full answer

Intermediate Accounting

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