Determining quantities of classes of merchandise on hand


Response to the following questions:

1. How are manufacturing inventories different from those of a merchandiser?

2. Do the terms FIFO and LIFO refer to techniques used in determining quantities of the various classes of merchandise on hand? Explain.

If possible, please give examples to better understand your answers.

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Cost Accounting: Determining quantities of classes of merchandise on hand
Reference No:- TGS02120477

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