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Business, 25.07.2020 18:01 danielamadrid79
Regardless of whether a business uses FIFO, LIFO, or weighted average cost for its inventory costing system, cost of goods available for sale must be allocated at the end of the period between these two categories. Multiple Choice beginning inventory and cost of goods sold. net purchases during the period and ending inventory. ending inventory and beginning inventory. ending inventory and cost of goods sold.
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