The inventory method that considers the inventory to be composed of the units of merchandise acquried earliest is called :
a) first in - first out
b) last in- first out
c) average cost
d) retail method
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The inventory method that considers the inventory to be composed of the units of merchandise acquried earliest is called :
a) first in - first out
b) last in- first out
c) average cost
d) retail method
A trick question based on how it is worded...
Answer: B
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