Which cost flow assumption company use to value it inventory
Problem
Consider the excerpts from the Costco Wholesale Corporation (i.e., Costco) annual report for fiscal year 2021 (Fiscal year 2021 ends on August 29, 2021.)
Which cost flow assumption(s) does the company use to value its inventory?
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Consider the excerpts from Costco Wholesale Corporation (i.e., Costco) annual report. Which cost flow assumption(s) does the company use to value its inventory?
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