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We used the LIFO method of valuing our inventories for approximately 40% and 44% of total inventories at June 30, 2015 and 2014, respectively. (a)

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We used the LIFO method of valuing our inventories for approximately 40% and 44% of total inventories at June 30, 2015 and 2014, respectively. (a) What method of inventory is used for the other 60% and 56% of total inventories? (b) Explain the meaning of each of the numbers listed in the table. Step-by-Step Solution

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