FIFO yields a most realistic picture of inventory value than LIFO does.

Name: FIFO yields a most realistic picture of inventory value than LIFO does.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

FIFO (First-In, First-Out) assumes that the oldest inventory items are sold first, which often aligns more closely with the actual flow of goods and current market prices, providing a more realistic picture of inventory value compared to LIFO (Last-In, First-Out).

FIFO Yields a Most Realistic Picture of Inventory Value Than