When LIFO is used with the periodic inventory system, cost of goods sold is assigned...
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Accounting
When LIFO is used with the periodic inventory system, cost of goods sold is assigned costs from the most recent purchases at the point of each sle rather than from the most recent purchases for the period. True or False True 
When LIFO is used with the periodic inventory system, cost of goods sold is assigned costs from the most recent purchases at the point of each sle rather than from the most recent purchases for the period.
True or False
True
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