The Inventory Cost Flow Assumption Describes the Flow of Product

question 31

Multiple Choice

The inventory cost flow assumption describes the flow of product cost:

• A)from the warehouse to the customer.
• B)from the asset (inventory)account and to the expense (cost of goods sold)account.
• C)from the revenue (sales)account and to the expense (cost of goods sold)account.
• D)from the asset (inventory)account and to the revenue (sales)account.

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Definitions:

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