The LIFO inventory method agrees with the actual physical movement of goods in most businesses.

Name: The LIFO inventory method agrees with the actual physical movement of goods in most businesses.
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Quizplus · Accepted Answer

The LIFO (Last In, First Out) inventory method does not typically match the actual physical flow of goods, as most businesses sell their oldest inventory first, which aligns more with the FIFO (First In, First Out) method.

The LIFO Inventory Method Agrees with the Actual Physical Movement