Question: One inventory cost flow assumption will result in different cost of goods sold from another inventory cost flow assumption only if: inventory quantities change from
One inventory cost flow assumption will result in different cost of goods sold from another inventory cost flow assumption only if:
inventory quantities change from the beginning to end of the year.
a new product is added to inventory during the year.
the cost of inventory items changes during the year.
price levels do not change during the year.
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