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    shy15's Avatar
    shy15 Posts: 1, Reputation: 1
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    #1

    May 20, 2007, 06:37 PM
    LIFO Method
    What are the benefits and shortcomings of using the LIFO method?
    bunnyKutty's Avatar
    bunnyKutty Posts: 60, Reputation: 5
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    #2

    May 20, 2007, 08:09 PM
    http://www.epcc.edu/Faculty/ninog/Ac...pter8part2.doc

    See this site
    adpatel44's Avatar
    adpatel44 Posts: 1, Reputation: 1
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    #3

    Nov 15, 2009, 08:27 PM
    LIFO would more accurately reflect the current replacement costs, but it would devalue the original investment cost. This method is better if you are the end consumer of the inventory, and need to keep track of how much it will cost to maintain supplies.
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