What is a lifo inventory pool, Financial Accounting

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What is a lifo inventory pool

Complete the following with examples:

1. Describe the ratios used by financial analysts to monitor a company's investment in inventories.

2. What is a LIFO inventory pool? How is the cost of ending inventory determined when pools are used?

3. Identify two advantages of dollar-value LIFO compared with unit LIFO.

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Financial Accounting: What is a lifo inventory pool

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Financial Accounting: What is a lifo inventory pool

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