In the past, Zip Corporation has used FIFO and the lower of cost or market valuation method to account for inventories.A switch to LIFO is considered a change in accounting method.However, they may continue to use the same valuation method.

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The Answer of In the past, Zip Corporation has used FIFO and the lower of cost or market valuation method to account for inventories.A switch to LIFO is considered a change in accounting method.However, they may continue to use the same valuation method.

In the Past, Zip Corporation Has Used FIFO and the Lower