Question: 1.Identify the inventory costing method used in each scenario: based on the actual cost of each particular unit of inventory? uses the cost of the

1.Identify the inventory costing method used in each scenario:

based on the actual cost of each particular unit of inventory?

uses the cost of the oldest purchases to calculate the cost of goods sold?

uses the costs of the oldest purchases to calculate the value of the ending inventory?

the ending inventory valued on the cost of the most recent purchases?

requires the calculation of a new average cost after each purchase?

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