Solved: Looking to your neighborhood and businesses that you, Accounting Basics

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Looking to your neighborhood and businesses that you

- Discuss whether or not you believe that LIFO is a fair inventory valuation method.

-Looking to your neighborhood and businesses that you frequent, identify three different businesses and then state whether they would benefit most from the FIFO, LIFO or Weighted Average approach to accounting for their inventories. State a reason with your answer.

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