Question: Which statement best explains the FIFO cost flow assumption? OA. A method that uses the most recent costs in the calculatish of cost of sales

Which statement best explains the FIFO cost flow assumption? OA. A

Which statement best explains the FIFO cost flow assumption? OA. A method that uses the most recent costs in the calculatish of cost of sales OB. A method that uses the cost of goods available for sale divided by the number of units available for sale OC. A method that uses the oldest costs in the calculation of cost of sales D. A method that assigns costs to inventories and cost of sales based on actual costs of each item

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