If prices are stable, both weighted average and FIFO cost formulas will report the same results.
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Q24: When using FIFO, beginning inventory + purchases
Q25: An overstatement of the cost of goods
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Q28: If the ending inventory is understated then
Q35: Inventory errors which affect the balance sheet
Q36: A change in the inventory cost determination
Q37: The inventory cost determination method that assigns
Q38: If prices are falling, FIFO will report
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