companies using LIFO are required to report the difference between inventory reported using LIFO and

Companies using LIFO are required to report the difference between inventory reported using LIFO and

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companies using LIFO are required to report the difference between inventory reported using LIFO and inventory using FIFO. This amount is referred to as the
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Unformatted text preview: LIFO reserve . Reporting the LIFO reserve enables analysts to make adjustments to compare companies that use different cost flow methods....
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This note was uploaded on 01/04/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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