Question: The Blank _ _ _ _ _ _ principle states that inventory costs are expensed as cost of goods sold when inventory is sold. Date

The Blank______ principle states that inventory costs are expensed as cost of goods sold when inventory is sold.
Date
Activity
Jan 1
Beginning Inventory
10 @ $12
Jan 5
Purchase
10 @ $15
Jan 29
Purchase
10 @ $18
Jan 30
Sale
14 units

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