The excess of an inventory's value stated on a FIFO basis over its value stated on a LIFO basis is called a(n) ____________________.

Name: The excess of an inventory's value stated on a FIFO basis over its value stated on a LIFO basis is called a(n) ____________________.
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The Answer of The excess of an inventory's value stated on a FIFO basis over its value stated on a LIFO basis is called a(n) ____________________.

The Excess of an Inventory's Value Stated on a FIFO