Question: Question 6 (1 point) Saved The FIFO inventory cost formula assumes that the cost of the latest units purchased are included in cost of

Question 6 (1 point) Saved The FIFO inventory cost formula assumes that

Question 6 (1 point) Saved The FIFO inventory cost formula assumes that the cost of the latest units purchased are included in cost of goods sold. used to determine the average cost of the goods sold. used to determine the average cost of the inventory. included in ending inventory.

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