Question: Which inventory costing method assumes that inventory costs flow out in the opposite order from which the goods were purchased? periodic perpetual weighted average FIFO
Which inventory costing method assumes that inventory costs flow out in the opposite order from which the goods were purchased?
periodic
perpetual
weighted average
FIFO
specific identification
LIFO
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
