The amount of cost of goods sold is MOST influenced by the:

Name: The amount of cost of goods sold is MOST influenced by the:
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Question

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The amount of cost of goods sold is primarily influenced by the inventory costing method used, such as First-In-First-Out (FIFO), Last-In-First-Out (LIFO), or Weighted Average Cost method. The cost of the items sold, cost of the unsold items, and number of items sold are also factors that impact the cost of goods sold, but to a lesser extent.

The Amount of Cost of Goods Sold Is MOST Influenced