Business, 13.05.2021 19:30 truelove9288
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.
Match each description to the appropriate cost flow assumption.
FIFO
Weighted average
LIFO
Produces the highest ending inventory when costs are increasing
Produces the highest gross profit when costs are decreasing
Never results in either the highest or lowest possible net income
Assigns the same value to all inventory units
Answers: 3
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