Which of the following accurately describes a company's choice of inventory cost method?

Which of the following accurately describes a company's choice of inventory cost method?



A) A company can choose which inventory method it prefers, even if the method does not match the actual physical flow of goods.

B) Once a company chooses a method, it is not allowed to frequently change to another one.

C) A company need not use the same method for all of its inventory.

D) All of the other answers are correct.


Answer: D


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