FIFO - lower therefore increasing your profit Also this is...

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Mike Gemmati Acc 281-03 3/31/08 Part E The method that produced the highest gross profit was the FIFO method. This is largely because by using the First in First Out method in a time of rising prices your cost of goods sold is
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Unformatted text preview: lower therefore increasing your profit. Also this is because of how this system values ending inventory which benefits you using the FIFO method....
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This note was uploaded on 03/16/2009 for the course ACC 281 taught by Professor Yang during the Spring '08 term at SUNY Brockport.

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