Business, 06.10.2019 06:30 JaylahtheSmarrtie

When using the periodic lifo inventory cost method, which of the following statements is correct? a. the cost of merchandise on hand is made up of the most recent purchases. b. the physical count determines the inventory on hand. c. the cost of merchandise sold is made up of the earlier purchases. d. none of these choices are correct.

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When using the periodic lifo inventory cost method, which of the following statements is correct? a...

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