Which of the following statements regarding the perpetual FIFO inventory method is true? O a. Unit costs for each item are averaged each time a purchase is made. O b. Costs are included in the cost of merchandise sold in the order in which units were purchas O c. The cost of the units sold is the cost of the most recent purchases. O d. All of these choices are correct.

Question
Which of the following statements regarding the perpetual FIFO inventory method is true?
O a. Unit costs for each item are averaged each time a purchase is made.
O b. Costs are included in the cost of merchandise sold in the order in which units were purchas
O c. The cost of the units sold is the cost of the most recent purchases.
O d. All of these choices are correct.
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Which of the following statements regarding the perpetual FIFO inventory method is true? O a. Unit costs for each item are averaged each time a purchase is made. O b. Costs are included in the cost of merchandise sold in the order in which units were purchas O c. The cost of the units sold is the cost of the most recent purchases. O d. All of these choices are correct.

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