题目内容
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提问人：网友paomozhou
发布时间：2022-01-07
[主观题]
The following statements are true of LIFO except that______.A．LIFO is an inventory cost fl
The following statements are true of LIFO except that______.
A．LIFO is an inventory cost flow whereby the last goods purchased are assumed to be the first goods sold so that the ending inventory consists of the first goods purchased
B．cost of goods sold is determined from the most recent purchase cost
C．cost of ending stock is determined from the earliest costs paid for the inventory items
D．when LIFO is used, cost of goods sold and ending stock will be the same under the periodic and perpetual system
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