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Describe the difference between LIFO, FIFO and average cost methods of accounting for inventory. Give an example of the application of each method- LIFO, FIFO,
Describe the difference between LIFO, FIFO and average cost methods of accounting for inventory. Give an example of the application of each method- LIFO, FIFO, and average cost.
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Accounting and Finance An Introduction
Authors: Peter Atrill, Eddie McLaney
8th edition
129208829X, 1292088297, 978-1292088297
