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1. Explain in detail the first-in-first-out (FIFO) approach of inventory valuation 2. Explain in Detail Work-In Process inventories. Also explain Beginning and ending work in

1. Explain in detail the first-in-first-out (FIFO) approach of inventory valuation

2. Explain in Detail Work-In Process inventories. Also explain Beginning and ending work in progress (BWIP and EWIP) inventories

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