Which cost flow assumption, LIFO or FIFO, produces the better measure of current income? Which method produces

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Which cost flow assumption, LIFO or FIFO, produces the better measure of current income? Which method produces the better inventory valuation?
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Intermediate Accounting Reporting and Analysis

ISBN: 978-1285453828

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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