Which of the following inventory costing methods is based on the actual cost of each particular unit of inventory?OA. weighted- averageOB. specific identificationO C. last-in, first-outOD. first-in, first-out

Introduction:- The following four accepted methods of costing items as follows under:- Specific…

Answered: OA. weighted-average OB specific…

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Accounting

OA. weighted-average OB specific identification O C. last-in, frst-out OD. first-in, first-out

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 10MC: Which inventory costing method is almost always done on a perpetual basis? A. specific...

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Question

Which of the following inventory costing methods is based on the actual cost of each particular unit of inventory?
OA. weighted- average
OB. specific identification
O C. last-in, first-out
OD. first-in, first-out

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