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1. Why would some companies choose to FIFO and some choose LIFO methods of counting inventory? 2. Why does it make a difference? 3. When

1. Why would some companies choose to FIFO and some choose LIFO methods of counting inventory?

2. Why does it make a difference?

3. When is a good time to use the weighted average method?

I'm looking for a detailed response that will given a nice explanation.

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