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totally agree.
it can works it the exam is full cbe , with just ticking boxes and you are extremely lucky525 at first attempt.
lucklily I had time to review some of the MCQ before ending the exam, this saved me!52% first attempt!
I have reviewed for of the MCQ at last moment before end of time and I think this saved me82% using opentuition lectures and mock exams plus bpp revision kit
great thanks to all opentuition staff!!!Thanks a lot!
this was my point apart of disclosure there is no rule forcing company to recalcuate also the O.I. , i was jus scared to compare apples with pears.thanks again
if a company is using fifo for valuation of inventory, supossing value 1/1/200x is 45000 $
then during year they decide to move to AVC , we will have purchases during year and a closing inventory estimated based on AVC.
in order to have the COGS shall we recalculate also the open inventory at AVC or there is no need?
thanks