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Accounting discussion
Date Posted: 26/01/2022
Category: Business
Due Date: 27/01/2022
Willing to Pay: $15.00
Instruction
Explain the difference between the FIFO and LIFO inventory costing methods. In a period of rising prices, which method would result in a higher net income and why? Why might a company choose the method that would result in a lower net profit?
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