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How much more cash will be available for management under LIFO than under FIFO? Why? ?


How much more cash will be available for management under LIFO than under FIFO? Why?


I dont understand what that means.
Which cash ? and for what management ?

449 day(s) ago

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crussmba 		The cost formula used has nothing to do with cash availability. You have purchased the inventory already. FIFO and LIFO are just methods to calculate the COGS and ending inventory. The choice of method does not affect cash flows in a company.

Posted 449 days ago

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