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Type: Posts; User: cherry0925

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  1. Jul 27, 2012, 07:56 PM

    Question: True/False

    by cherry0925
    Answers
    0
    Views
    1,081

    True/False

    True/False
    1. When prices are rising, FIFO results in a higher ending inventory than LIFO.
    True False
    2. We can use the LIFO inventory method only if we know that the newest units are always sold...
  2. Jul 27, 2012, 06:56 PM

    Question: True/False

    by cherry0925
    Answers
    1
    Views
    1,132

    True/False

    True/False
    1. When prices are rising, FIFO results in a higher ending inventory than LIFO.
    True False
    2. We can use the LIFO inventory method only if we know that the newest units are always sold...
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