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LIFO method of inventory valuation will always produce the same results for cost of goods sold and ending inventory whether a company uses perpetual

LIFO method of inventory valuation will always produce the same results for cost of goods sold and ending inventory whether a company uses perpetual or periodic inventory costing methods

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LIFO is based on the principle that, the last inventory goods received will be the first inventory goods to be sold. In the... View the full answer

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