An interesting twist in the inventory method is when you integrate the FIFO and the LIFO with the perpetual method of inventory. Unlike the periodic inventory, which would happen at the end, the perpetual would constantly be changes in the inventory and when a purchase occurs in the middle of the month, you suddenly have a new layer of items for your “Last Ins”. Can you give a good example of this?
RECOMMENDED!!ACCT 212-An interesting twist in the inventory method is
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