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  3. 7. the inventory valuation technique in which the

7. The inventory valuation technique in which the inventory purchased later will be used first...

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Accounting

7. The inventory valuation technique in which the inventory purchased later will be used first is called

c. LIFO

a. Specific Cost

b. FIFO

d. Average Cost

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8. Administrative expenses belong to the category

b. Period cost

a. Product cost

c. None of the above

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