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Question # 38

Which method of inventory valuation assumes the oldest stock is used first?

Options:

A.

LIFO (Last In, First Out)

B.

FIFO (First In, First Out)

C.

Weighted average

D.

Standard cost

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CDM Overview

Name Certified Dietary Manager
Code CDM
Vendor Nutrition
Certification Certifying Board for Dietary Managers (CBDM)

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