Question
First In First Out. This is because it gives more accurate value for ending inventory on the balance sheet and it also increases net income
First In First Out. This is because it gives more accurate value for ending inventory on the balance sheet and it also increases net income and increase net income can increase your tax
If prices are steady, does it matter which method you use, LIFO or FIFO, ? Why?
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Accounting Information Systems
Authors: Vernon Richardson, Chengyee Chang, Rod Smith
2nd edition
1260153156, 1260153150, 978-1260153156
