Accounting MCQ Accounting The inventory cost flow assumption that results in a random mixture of goods being included in the balance of inventory and cost of goods sold is:

The inventory cost flow assumption that results in a random mixture of goods being included in the balance of inventory and cost of goods sold is:

Naim 12:29 Accounting

The inventory cost flow assumption that results in a random mixture of goods being included in the balance of inventory and cost of goods sold is:

A) FIFO.

B) LIFO.

C) Weighted-average.

D) Lower of cost and net realizable value.

Answer: C

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