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Community: Investing Wiki

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LIFO cost flow: Original post by David Ingram of Demand Media Cost-flow assumptions govern the way in which accountants recognize inventory expenses and assign direct costs to individual sales. Accountants can choose from among several cost-flow assumption methods when recognizing their inventory expenses, including FIFO (First In, First Out) and LIFO (Last In, First Out). No single cost-flow assumption method is…

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