Introduction to Financial Accounting AMIS 211 – Professor Marc Smith 1 Chapter 8, Module 6 Chapter 8, Module 6 Slide 1 AMIS 211Introduction to Financial AccountingProfessor Marc SmithChapter 8 Module 6Chapter 8 Module 6Hi everyone. Welcome back. Let’s continue our discussion of the distinctions between LIFO, FIFO, and Weighted Average—the three (3) inventory cost methods. And, in this Module, let’s look at how the choice of inventory method directly effects the different financial statements. Now, if you will go to the next slide with me.
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