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+1 to Andrew's explanation.
Adding to Andrew's point about LIFO.... keys I have seen in mocks/questions
They will give large hints at using average by
1) Saying purchases were made evenly throughout year = avg
2) A balance sheet showing lifo reserve increasing or the same, ie all COGS were from new purchases therefore you did not eat into LIFO layer |
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发表于 2011-7-11 20:00
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