Discuss the cost flow assumptions of the LIFO inventory method. Under what conditions would a companys ending

Question:

Discuss the cost flow assumptions of the LIFO inventory method. Under what conditions would a company’s differ under a perpetual and a periodic LIFO system?

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...