The goal of this is to review concepts in inventory cost methods. Directions 1.What are the three primary inventory cost flow assumptions? 2. How is cost of goods sold calculated in each of the...

The goal of this is to review concepts in inventory cost methods.

Directions

1.What are the three primary inventory cost flow assumptions?

2. How is cost of goods sold calculated in each of the inventory cost flow assumptions?

3. How does the specific identification method differ from these three primary inventory cost flow assumptions?

explain in good detail responses for each one of the questions