A company may select an inventory cost- ing method from a number of commonly used procedures. Briefly, how would you describe each of the following methods?
a. First-in, first-out
b. Last-in, first-out
c. Weighted average
A company may select an inventory cost- ing method from a number of commonly used procedures. Briefly, how would you describe each of the following methods?
a. First-in, first-out
b. Last-in, first-out
c. Weighted average
