Question
The LIFO reserve is an amount used to adjust inventory to the lower of cost or market. the difference between the value of the inventory
The LIFO reserve is
an amount used to adjust inventory to the lower of cost or market. the difference between the value of the inventory under LIFO and the value under FIFO. the amount used to adjust inventory to historical cost. the difference between the value of the inventory under LIFO and the value under average cost.
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The ASQ Certified Food Safety And Quality Auditor
Authors: Steven Wilson
4th Edition
1951058186, 978-1951058180
