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Can you discuss the Inventory and Cost of Goods Valuation Methods including comparing and contrasting the Periodic and Perpetual Systems. What type of companies use

Can you discuss the Inventory and Cost of Goods Valuation Methods including comparing and contrasting the Periodic and Perpetual Systems.

What type of companies use those systems?

Define Specific Identification, Average Cost, First-In First-Out (FIFO), and Last-In First-Out (LIFO) providing examples for each method.

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