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What modifications to the conventional retail method are necessary to approximate a LIFO retail flow?

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What modifications to the conventional retail method are necessary to approximate a LIFO retail flow?
Answered Same Day Dec 22, 2021

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David answered on Dec 22 2021
135 Votes
What modifications to the conventional retail method are necessary?
Description
What modifications to the conventional retail method are necessary to approximate a LIFO retail
flow?
Conventional retail method is based on averages. Here the inventory figures are reduced by inventory...
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