Which of the following terms best describes the assumption made in applying the four inventory methods?
A)Goods flow
B)Cost flow
C)Asset flow
D)Physical flow

Name: Which of the following terms best describes the assumption made in applying the four inventory methods? A)Goods flow B)Cost flow C)Asset flow D)Physical flow
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Question

Quizplus · Accepted Answer

Cost flow is the assumption that the costs of inventory items are applied to the items in the order in which they are purchased or manufactured.

Which of the Following Terms Best Describes the Assumption Made