In the _____ Method of Inventory Valuation, the Costs of the Units

question 3

Multiple Choice

In the _____ method of inventory valuation, the costs of the units left over in ending inventory will be from the items purchased earliest.

• A) first-in, first-out (FIFO)
• B) first-in, last-out (FILO)
• C) last-in, first-out (LIFO)
• D) last-in, last-out (LILO)

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