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identify and describe the four inventory valuationmethodsidentify and describe the four inventory valuationmethods

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Accounting

identify and describe the four inventory valuationmethods

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3.7 Ratings (504 Votes)
FIFO First in first out As per this method inventories are sold based on the order of purchase This means that the cost of older inventory is charged to cost of goods sold first and the ending inventory consists of those goods which are purchased or produced later This is the most widely used method for    See Answer
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In: Accountingidentify and describe the four inventory valuationmethodsidentify and describe the four inventory valuationmethods

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