The LIFO inventory cost flow assumes that the cost of the newest goods purchased are: A. assumed to be the

The LIFO inventory cost flow assumes that the cost of the newest goods purchased are: A. assumed to be the first ones sold. B. assumed to be the first ones included ending inventory. C. not included in cost of goods sold or ending inventory. D. assumed to be the last ones to be sold.


Leave a Reply

Your email address will not be published. Required fields are marked *