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Describe lifo and fifo inventory methods

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Reference no: EM132999153

Question 1: Review the last-in, first-out (LIFO) and first-in, first-out (FIFO) inventory methods

Question 2: Explain LIFO and FIFO inventory methods.

Question 3: Provide 1 example of a business that uses LIFO and 1 example of a business that uses FIFO.

Question 4: Explain why the businesses you identified might use a particular inventory method.

Reference no: EM132999153

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