In businesses that handle a lot of perishable items (such as supermarkets)the actual movement of goods through inventory most closely resembles the assumed movement in the LIFO inventory valuation technique.

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In businesses with perishable items, the actual movement of goods is typically FIFO (First-In, First-Out) to ensure older stock is sold before it spoils, unlike LIFO (Last-In, First-Out).

In Businesses That Handle a Lot of Perishable Items (Such