Business, 18.03.2021 01:40, razomike88
The president of the company has asked for your advice on which inventory cost flow method should be used for the 32,000-unit physical inventory that was taken on December 31. The company plans to expand its product line in the future. Instructions Write a brief memo to Ms. Kilmer, the company president, comparing and contrasting the LIFO and FIFO inventory cost flow methods and their potential impacts on the company's financial statements. Note: be sure to use proper citations when necessary.
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