ACC 305 ACC305 Week 4 DQ 2 FIFO/LIFO Inventory (Ashford)
ACC 305 Week 4 Discussion 2 FIFO/LIFO Inventory / Intermediate Accounting I
FIFO/LIFO Inventory. 1st Post Due by Day 3. Read: Chapters 9 and 10.
Write: Make sure your response addressing the following question is more than 200 words and you include an in- text citation or a brief quote from the reading material where appropriate.
Explain the difference between the FIFO method of inventory valuation and the LIFO method. Which of these methods best approximates the physical flow of units for most companies? Explain.
Guided Response: You are required to respond in a substantive manner to at least two of your classmates’ postings by Day 7 to receive full discussion participation credit.
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