Question: A FIFO perpetual inventory system a. does not match the typical physical flow of goods b. reports the oldest costs for ending inventory values c.

A FIFO perpetual inventory system

a.

does not match the typical physical flow of goods

b.

reports the oldest costs for ending inventory values

c.

assigns the most recent costs to cost of goods sold when goods are sold

d.

assigns the most recent costs to ending inventory

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