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Two widely used methods of estimating inventories

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Two widely used methods of estimating inventories 1. The ______________ method tracks the actual physical flow of each unit of inventory available for sale; however, management may be able to manipulate ______________ by using this method. 2. If the unit cost of inventory has continuously increased, the ______________, first-out inventory valuation method will result in a higher valued ending inventory than if the ______________, first-out method had been used. 3. The lower-of-cost-or-net realizable value basis of accounting for inventories should be applied when the ______________ cost of the goods is lower than its cost. 4. ______________ is calculated as cost of goods sold divided by average inventory. 5. Two widely used methods of estimating inventories are the ______________ method and the _____________ method. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Two widely used methods of estimating inventories

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