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I understand the difference between LIFO and FIFO, but I'm having trouble conceptualizing the reason as to why companies are required to report the LIFO

I understand the difference between LIFO and FIFO, but I'm having trouble conceptualizing the reason as to why companies are required to report the LIFO Reserve. What value is going to be gained by investors in knowing this information? Why don't companies conversely have to report what could be a FIFO difference at the end of the year?

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