OPOMEWO Question 4, 6-14 (book/static) OG PE O Points: 0 of 30 Save Watch the form with Du Anunting Term 1 Spodnie 2. May 1. LFO Cow a. Treats the oldest inventory purchases as the first units sold I Cansiskumy cigle Wedge b. Requires that a company report enough information for outsiders to make knowledgeable decisions. 7. Die cenfes exactly which inventory item was sold. Usually used for higher cost inventory Find Calculades a weighted average cost based on the cost of goods available for sale and the number at units available 1. Principle whose foundation is to exercise caution in reporting Francial statement home Treats the most recenthewest purchases as the first units sold 0. Businesses should use the same accounting methods from period to period Principle that states significantes must conform to GAAP Calculat Etext pages Clear all Check ans o 08:51 TOSHIBA