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Basic Question 16 of 26
Which methods are based on cost flow assumptions?
II. FIFO
III. LIFO
IV. Weighted average cost
I. Specific identification
II. FIFO
III. LIFO
IV. Weighted average cost
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Learning Outcome Statements
describe the measurement of inventory at the lower of cost and net realisable value and its implications for financial statements and ratios
CFA® 2025 Level I Curriculum, Volume 2, Module 6.