Beneficial periodic inventory system-perpetual

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Reference no: EM13114188

For a company to reap the full benefit of LIFO costing, the costs must be based on a periodic I inventory system & not on a perpetual inventory system. Why is that so?

Reference no: EM13114188

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Beneficial periodic inventory system-perpetual : For a company to reap the full benefit of LIFO costing, the costs must be based on a periodic I inventory system & not on a perpetual inventory system.

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