The inventory costing method chosen to by a company method must correspond to the physical flow of goods.

Name: The inventory costing method chosen to by a company method must correspond to the physical flow of goods.
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Question

Quizplus · Accepted Answer

The inventory costing method chosen by a company does not need to correspond to the physical flow of goods; it is an accounting method selected for financial reporting purposes and may differ from the actual flow of goods.

The Inventory Costing Method Chosen to by a Company Method