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What Is LIFO (The Last In First Out) Method To Value Inventory Explained

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What Is LIFO (The Last In First Out) Method To Value Inventory Explained

In this video we discuss LIFO, or the last in first out method to value inventory. We go through an example of what is and how to use this method, and do all of the calculations Transcript/notes LIFO, or the last in first out method to value inventory assumes that the last units into the store are the first units sold. For instance, if a store ...

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