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LIFO Perpetual Inventory Method: Formula And Example
2 minutes Posted Jul 27, 2022 at 2:17 am.
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In contrast to the FIFO technique of inventory evaluation, the LIFO perpetual inventory method posits that the last expenditures expended to acquire items or direct supplies are the first costs charged against revenues. In other words, it presumes that the cost of items sold in a retailing firm or the cost of supplies provided to …. View detail https://blog.efex.asia/lifo-perpetual-inventory-method/