Reflect for a moment on the lifo last in first out and fifo, Finance Basics

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Reflect for a moment on the lifo last in first out and fifo

Inventory Journal

Reflect for a moment on the LIFO (Last in First Out) and FIFO (First in First Out) inventory methods. If you were starting a small manufacturing company, what inventory method do you believe would provide the most accurate financial statements. Why do you believe this is the case.

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Finance Basics: Reflect for a moment on the lifo last in first out and fifo

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Finance Basics: Reflect for a moment on the lifo last in first out and fifo

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