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Unformatted text preview: are similar items, similar in use, or interchangeable. Therefore, dollar-value LIFO techniques help protect LIFO layers from erosion. Also, in the dollar-value LIFO method, one pool main contain your entire inventory. Under this method, with more goods included in a pool, the more likely that increases in quantities of some goods offset decreases in other goods in the same pool. This will help your company avoid liquidation of the LIFO layers....
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This note was uploaded on 11/29/2010 for the course ACC 331 taught by Professor Dr.lee during the Fall '10 term at Jefferson College.
- Fall '10