B has to be the right answer. Ex: Monday, you buy 20 calculators at $10 each and place them in inventory. Tuesday, you buy 20 calculators at $15 each and place them in inventory. Wednesday, you sell 5 calculators to a customer. For FIFO method, the 5 calculators post a cost of $10 each because that is the cost of the first calculators added to inventory and it best captures the time based nature of inventory cost
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TomGreen
4 months agoTomGreen
4 months agoNetSuiteDragon
9 months agoElla007
1 year, 8 months ago