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Title: The FIFO (first-in, first-out) inventory method assumes the first items sold:I. were the first items
Post by: rolpace88 on May 19, 2015
The FIFO (first-in, first-out) inventory method assumes the first items sold:
   I. were the first items purchased
   II. were the last items purchased
   III. are valued the same as the items in the ending inventory
A) II only
B) I only
C) III only
D) both II and III


Title: Re: The FIFO (first-in, first-out) inventory method assumes the first items sold:I. were the first i
Post by: Million on May 22, 2015
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Title: Re: The FIFO (first-in, first-out) inventory method assumes the first items sold:I. were the first items
Post by: rolpace88 on May 27, 2015
That is correct :)

Thx


Title: Re: The FIFO (first-in, first-out) inventory method assumes the first items sold:I. were the first items
Post by: Million on May 27, 2015
You're welcome