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What is specific inventory and how does work

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Problem 1: What is FIFO? How does it work. What is LIFO? How does it work. What is WA? How does it work. What is Specific Inventory? How does it work.

Ignoring accounting considerations, rather simply thinking common sense. Which method or methods depending upon the business makes the most sense to use in actuality.

Reference no: EM132904240

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