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

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

Quizplus · Accepted Answer

The inventory costing method does not have to match the physical flow of goods; companies can choose methods like FIFO, LIFO, or weighted average based on financial strategy rather than actual inventory movement.

The Inventory Costing Method Chosen to by a Company Method