Question: When the FIFO method is used, ending inventory is assumed to consist of the: Select one: a. units with the lowest per unit cost. b.

When the FIFO method is used, ending inventory is assumed to consist of the:

Select one:

a.

units with the lowest per unit cost.

b.

most recently purchased units.

c.

oldest units.

d.

units with the highest per unit cost.

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