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Kameron Barrett, a student in a managerial accounting course asked the following question. "in the...

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Accounting

Kameron Barrett, a student in a managerial accounting course asked the following question. "in the first accounting course, the teacher said inventory costs flow on a FIFO, LIFO, or weighted average pattern. Now I'm being told that inventory costs flow through raw materials, to work in process, and then to finished goods. Is this manufacturing stuff a new cost flow method or what?"

Please discuss how you would answer Kameron's question.

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