Question: There are two types of inventory cost flow methods and four types of inventory systems. true or false When adjusting inventory for shrinkage or to

There are two types of inventory cost flow methods and four types of inventory systems. true or false

When adjusting inventory for shrinkage or to the lower of cost or market, cost of goods sold is credited.

A. True
B. False

A source document such as a purchase order is the purchasers request for payment from the seller.

A. True

B. False

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