Business, 25.12.2019 07:31 Hellokittyjam35

Weiss company purchased two identical inventory items. the first purchase cost $30 and the second cost $32. when the company sold one of the items for $40, it expensed $30 to its cost of goods sold account. based on this information which of the following cost flow methods is the company using?

a) fifo
b) lifo
c) weighted average > > i picked this one
d) nifo

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Weiss company purchased two identical inventory items. the first purchase cost $30 and the second co...

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