With the perpetual method of accounting for inventory the costing assumption,such as first-in first-out,is applied to:

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Quizplus · Accepted Answer

With the perpetual method of accounting for inventory, the costing assumption, such as first-in first-out, is applied to each sale via stock cards or computer records as the inventory levels are updated continuously. This allows for a more accurate and up-to-date calculation of the cost of goods sold and the current value of inventory. Therefore, option B is the best choice.

With the Perpetual Method of Accounting for Inventory the Costing