Question: Feedback Check My Work a . When the FIFO method is used, costs are included in cost of goods sold in the order in which

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a. When the FIFO method is used, costs are included in cost of goods sold in the order in which they were
purchased. Think of your inventory in terms of "layers". Determine how much inventory remains from each
layer after each sale.
b. The ending inventory is made up of the most recent purchases.
Feedback Check My Work a. When the FIFO method is used,

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