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What is first in, first out, last in, first out? When is the appropriate time to use first in, first out and last in, first

  1. What is first in, first out, last in, first out?
  2. When is the appropriate time to use first in, first out and last in, first out? Share some examples please
  3. What is average 4.7 cost methods of stores pricing?

Please share some references for my research

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