When Valuing Inventory for a Business Sale, the Most Common

question 4

Multiple Choice

When valuing inventory for a business sale, the most common methods used are:

• A) first-in-first-out (FIFO) and last-in-first-out (LIFO).
• B) first-in-first-out (FIFO) and average costing.
• C) cost of last purchase and replacement value of inventory.
• D) cost of last purchase and average costing.

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