Which method of materials pricing best approximates specific identification of the actual flow of costs and units

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Which method of materials pricing best approximates specific identification of the actual flow of costs and units in most manufacturing situations?

(a) Average cost

(b) FIFO

(c) LIFO

(d) Base stock

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Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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