Question: helpFeedback 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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Check My Work
a. When the FIFO method is used, costs are included in cost of goods sold in the order in which they were
purchased.
b. When the LIFO method is used, the cost of the units sold is the cost of the most recent purchases.
c. The average cost method is sometimes called the weighted average method. The average cost method
uses the average unit cost for determining cost of goods sold and the ending inventory.
helpFeedback Check My Work a. When the FIFO method is used,

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