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TB MC Qu.6-105(Static) Which inventory method is better described...2pointsWhich inventory method is better described as...

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Accounting

TB MC Qu.6-105(Static) Which inventory method is better described...2pointsWhich inventory method is better described as having an income-statement focus and why is it considered as such?00:39:33Multiple ChoiceFilesFIFO; better approximates the value of ending inventoryFIFO; better approximates inventory cost necessary to generate revenueLIFO; better approximates the value of ending inventoryLIFO; better approximates inventory cost necessary to generate revenue

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