Question: Which statement is true? Multiple choice question. Specific identification, weighted average cost, LIFO and FIFO are acceptable GAAP costing methods. The inventory costing methods must

Which statement is true? Multiple choice question. Specific identification, weighted average cost, LIFO and FIFO are acceptable GAAP costing methods. The inventory costing methods must mirror the physical flow of goods. The inventory costing methods reflect the amount paid for the purchases of inventory

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