Question: Match each inventory valuation method to its approach. FIFO method LIFO method Average cost method Begin at the top of the inventory list and work

Match each inventory valuation method to its approach. FIFO method LIFO method Average cost method Begin at the top of the inventory list and work down to identify cost of goods sold Begin at the bottom of the inventory list and work up to identify cost of goods sold Calculate both cost of goods sold and value of merchandise inventory using a calculated unit cost

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