BUISENESS MANAGEMENT
INVENTORY CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Bead Boutique offers hand crafted jewelry for sale. Included in inventory are numerous beads, claps, and necklace strings that were purchased throughout the year from different vendors. The owner assumes that the items left in ending inventory are the first ones purchased. What type of inventory control method does the Bead Boutique use?
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Last In, First out
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First In, First Out
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Specific Identification
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Weighted Average
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Explanation:
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