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Determine which of the following statements are correct regarding the difference between plysical flow and the cost flow of enventory, $($Oreck all thut accy$)$

Perishable items have an actual physical flow of LIFO.

Physical flow refers to the actual movement of goods.

Cost flow is an assumption about which goods$/$items are sold.

Perishable items usuathy have an actuat physicat flow of FIFO.

A business may adopt any cost flow assumption when accounting for perishable items.

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