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    Marie2442's Avatar
    Marie2442 Posts: 1, Reputation: 1
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    #1

    Jun 13, 2007, 11:37 AM
    Financial accounting
    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
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Jun 13, 2007, 02:18 PM
    A trick question based on how it is worded...

    Answer: B
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