The inventory method where the cost flows tend to follow the physical flow is:
A) LIFO.
B) FIFO.
C) weighted-average.
D) specific invoice.
Correct Answer:
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A)an
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[1] Cash
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[3] Merchandise inventory
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[2] Accounts receivable
[3] Merchandise inventory
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[1] Cash
[2] Accounts receivable
[3] Merchandise inventory
[4] Supplies
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