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I need the following discussion question answered in full. It MUST have 2 references. Please dont accept this if you cant give me what is
I need the following discussion question answered in full. It MUST have 2 references.
Please dont accept this if you cant give me what is required!
Given the current state of the world and the U.S.A. economies, which Inventory valuation methodology {FIFO, LIFO, etc., etc.} {Ignore any conflict with I.F.R.S. Inventory rules} would be most beneficial for a corporation which is buying and selling Inventory and finished product both domestically and internationally ? ..... WHY ?? ... Discuss / Explain your response Keep in mind that regardless of whether FIFO or LIFO is adopted, it will usually NOT have any impact on how and when the physical items move in or out of the Inventory. Therefore, while LIFO may be the valuation methodology, the actual use /movement of the physical items will generally mirror FIFO ... {unless the inventory item(s) is/are perishable, then FIFO is almost always usedStep by Step Solution
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