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The advantage of LIFO is that it costs less to implement than FIFO. None of the choices are correct. gives more accurate CGS than other
The advantage of LIFO is that it costs less to implement than FIFO. None of the choices are correct. gives more accurate CGS than other methods of maintaining inventory. assigns the most recent costs to cost of goods sold and better matches current costs with revenues on the income statement. is easier to compute than FIFO
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