Question: QUESTION 22 The cost flow method that often parallels the actual physical flow of merchandise is the a FIFO method. b. LIFO method. Caverage-cost method.

QUESTION 22 The cost flow method that often parallels the actual physical flow of merchandise is the a FIFO method. b. LIFO method. Caverage-cost method. d. gross profit method. QUESTION 23 Which of the following should be included in the physical inventory of a company a. Goods held on consignment from another company. b. Goods in transit to another company shipped FOB shipping point. c. Goods in transit from another company shipped FOB shipping point. d. Both b and c above

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