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Answer following questions: 1, Explain why reducing inventory levels can result in losing the benefits of LIFO 2.FIFO can result in an inventory profit. What
Answer following questions:
1, Explain why reducing inventory levels can result in losing the benefits of LIFO
2.FIFO can result in an inventory profit. What is an inventory profit and why is it considered a negative thing?
3. What type of business would most likely use the Specifi Unit Cost Mehod?
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