Under the FIFO method sales returns are costed back into inventory at:
A) the original cost price that was attached to the original sale.
B) an average cost price.
C) a price determined by the accountant.
D) the most recent cost price attached to a sale.

Question

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The Answer of Under the FIFO method sales returns are costed back into inventory at:
A) the original cost price that was attached to the original sale.
B) an average cost price.
C) a price determined by the accountant.
D) the most recent cost price attached to a sale.

Under the FIFO Method Sales Returns Are Costed Back into Inventory