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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1774 |
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When the cost lowers, this method will give results of a higher cost of sales. The strength of LIFO is used to save money in taxes. The weakness of LIFO will produce the lowest net income in inflationary times.
The valuation method for Weighted Average is best suited for companies that carry like items in their inventory similar to our mattress retail store...
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When the cost lowers, this method will give results of a higher cost of sales. The strength of LIFO is used to save money in taxes. The weakness of LIFO will produce the lowest net income in inflationary times.
The valuation method for Weighted Average is best suited for companies that carry like items in their inventory similar to our mattress retail store...
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