functional currency

Maneesh 30 April 2020 at 15:48 PM

Which one of the following inventory cost flow assumptions will result in a higher inventory turnover ratio in an
inflationary economy?
A) Weighted average.
B) LIFO.
C) FIFO
D) Specific identification

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FACULTY 10 May 2020 at 05:01 PM

LIFO. (option b)

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