Question: 7.18 Explain in which circumstances it would be appropriate to use the following cost-flow assumptions: a. specific-identification assumption b. weighted-average cost assumption c. first-in, first-out

7.18 Explain in which circumstances it would be appropriate to use the following cost-flow assumptions: a. specific-identification assumption b. weighted-average cost assumption c. first-in, first-out (FIFO) assumption

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