Which assumed inventory cost flow method:

“The selection of an inventory cost fl ow method is a decision
made by accountants.” Do you agree? Explain. Once a method has
been selected, what accounting requirement applies?

Which assumed inventory cost flow method:
a. usually parallels the actual physical flow of merchandise?
b. divides cost of goods available by total units available for sale
to determine a unit cost?
c. assumes that the latest units purchased are the first to be sold?