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What are your considerations and recommendation on whether to use either the LIFO or FIFO method for costing its inventory and what impact would that

What are your considerations and recommendation on whether to use either the LIFO or FIFO method for costing its inventory and what impact would that have on the Company's financial position? Name two specific ways that a company could improve its inventory turnover including whether those would have a positive or negative impact on the company's overall profitability

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