We learned the differences between accounting for inventory under the FIFO, LIFO, and average costing...
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Accounting
We learned the differences between accounting for inventory under the FIFO, LIFO, and average costing methods. Additionally, we explored how the income statement impact may differ under each of the three methods.
Pick a retail company and research which method the company uses to account for inventory. Note: Please select publicly traded companies, as this will make the information easier to locate.
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