The selection of an inventory cost flow method is a, Accounting Basics

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The selection of an inventory cost flow method is a

Question: 1. The selection of an inventory cost flow method is a decision made by accountants." Do you agree? Explain. Once a method has been selected, what accounting requirement applies?

2. Which assumed inventory cost flow method:

(a) usually parallels the actual physical flow of merchandise?

(b) divides cost of goods available for sale by total units available for sale to determine a unit cost?

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