Davidson Hardware used the FIFO inventory method in 2012. Davidson plans to continue using the FIFO...

Question

Davidson Hardware used the FIFO inventory method in 2012. Davidson plans to
continue using the FIFO method in future years.
Requirement
1. Which inventory principle is most relevant to Davidson’s decision?
Consistency; As Davidson Hardware has used FIFO inventory method in 2012 and
also...

David · Accepted Answer

Davidson Hardware used the FIFO inventory method in 2012. Davidson plans to 
continue using the FIFO method in future years. 
Requirement 
1. Which inventory principle is most relevant to Davidson’s decision? 
Consistency;

Davidson Hardware used the FIFO inventory method in 2012. Davidson plans to continue using the FIFO method in future years. Requirement 1. Which inventory principle is most relevant to Davidson’s...

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