Inventory flow assumptions
Briefly discuss the factors management should consider in deciding:
(a) Whether to use specific cost identification or a flow assumption in measuring the cost of goods sold.
(b) Whether to use FIFO or weighted average cost. (Assume a long-run trend of slowly rising prices.)

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The Answer of Inventory flow assumptions
Briefly discuss the factors management should consider in deciding:
(a) Whether to use specific cost identification or a flow assumption in measuring the cost of goods sold.
(b) Whether to use FIFO or weighted average cost. (Assume a long-run trend of slowly rising prices.)

Inventory Flow Assumptions Briefly Discuss the Factors Management Should Consider in Deciding