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All of the following are methods of valuing inventory except? 1-FIFO. 2-LIFO. 3-weighted average. 4-specific...

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Finance

All of the following are methods of valuing inventory except?

1-FIFO.

2-LIFO.

3-weighted average.

4-specific identification.

5-appraisal.

To minimize the cost associated with ordering inventory, a quantity of items that should be ordered is called ?

1-safety stock.

2-economic order quantity and reorder point.

3-quantity discount.

4-special order.

5-None of the above

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