a. What is a perpetual inventory system? b. Describe three methods of calculating the cost of fungible

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a. What is a perpetual inventory system?
b. Describe three methods of calculating the cost of fungible inventories?
c. Explain the circumstances in which each of these methods may be justifiable?

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Introduction To Financial Accounting

ISBN: 978-0077138448

7th edition

Authors: Anne Marie Ward, Andrew Thomas

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Question Posted: Dec 20, 2016 10:25 AM

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a. What is a perpetual inventory system? b. Describe three methods of calculating the cost of fungible

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Introduction To Financial Accounting

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