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based on the assumption that the costs of merchandise sold should be charged against revenue...

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Accounting

based on the assumption that the costs of merchandise sold should be charged against revenue in the order in which the
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods
The units of an item available for sale during the year were as follows:
\table[[Jan.1,Inventory,30 units at $460,$13,800
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