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Business, 04.01.2020 06:31 divadebbgirl1
Identify the inventory costing method best described by each of the following sepatate statements. assume a period of increasing costs.
1. yields a balance sheet inventory amount often markedly less than its replacement cost.
2. results in a balance sheet inventory amount approximating replacement cost.
3. provides a tax advantage (deferral) to a corporation when costs are rising.
4. recognizes (mulches) recent costs against net sales.
5. the preferred method when each unit of product has unique features that markedly effect cost.
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