Apex Corporation operates in two locations: New York and Oregon. The LIFO method is used in accounting

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Apex Corporation operates in two locations: New York and Oregon. The LIFO method is used in accounting for inventories at the New York facility and the specific identification method is used for inventories at the Oregon location. Does this concurrent use of two inventory methods indicate that Apex is violating the accounting principle of consistency? Explain.

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Financial & Managerial Accounting

ISBN: 9780073526997

15th Edition

Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello

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