ravenrichardson909 ravenrichardson909
  • 14-08-2020
  • Business
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A method of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the

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Zviko
Zviko Zviko
  • 18-08-2020

Answer:

First - in - First - Out (FIFO) method

Explanation:

The First - in - First - Out (FIFO) method, assumes that the first goods received by the business will be the first ones to be delivered to the final customer.

It assumes that goods have been used in the order in which they are purchased.

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