Question: FIFO, LIFO, and weighted average inventory costing methods are based on surveys taken that ask real companies how they value their inventories the accounting equation:

FIFO, LIFO, and weighted average inventory costing methods are based on
surveys taken that ask real companies how they value their inventories
the accounting equation: assets = liabilities + stockholders' equity
the actual physical flow of goods purchased and sold by a business
assumptions that accountants make about the flow of inventory costs
FIFO, LIFO, and weighted average inventory costing methods are based on

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