kakkakak8062 kakkakak8062
  • 10-03-2022
  • Business
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Which inventory costing method uses the oldest cost for cost of goods sold on the income statement and the newest cost for inventory on the balance sheet?.

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nwailav
nwailav nwailav
  • 10-03-2022

Answer:

the method used for the oldest cost is FIFO (first in first out)

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