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telo118 [61]
3 years ago
13

Which type of selling method sells the oldest inventory first?

Business
1 answer:
victus00 [196]3 years ago
4 0

Answer:

A.First In First Out (FIFO

Explanation:

FIFO, which is first in, first out, is an inventory management technique that seeks to sell the inventory that came to the stores first. In other words, the old inventory is sold first.

As the name suggests, businesses that practice FIFO clear the initial inventory before embarking on new stocks.

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d. joint venture.

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3 years ago
Upon completing an aging analysis of accounts receivable, the accountant for Rosco Works prepared an aging of accounts receivabl
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