CAN YOU PLEASE POST THE QUESTION AND OPTIONS.
FIFO ASSUMES INVENTORY VALUES AT CURRENT PRICE
LIFO ASSUMES COST OF SALES AT CURRENT PRICE
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THANZEELABEGAM ABDULKADER
DUBAI
United Arab Emirates
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Original Message:
Sent: 02-06-2018 01:18 AM
From: Nancy Skayni
Subject: URGENT - MCQ CMA PART1
Hello,
anybody can explain this MCQ especially "The weighted-average method assumes that all units and costs are current (i.e., there is no beginning inventory" ??? I think FIFO assume that all units and costs are current!