The LIFO method of inventory valuation can result in a company's ending inventory being valued at less than the inventory's net realizable value because LIFO inventory leaves the oldest costs in inventory.

Name: The LIFO method of inventory valuation can result in a company's ending inventory being valued at less than the inventory's net realizable value because LIFO inventory leaves the oldest costs in inventory.
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The LIFO Method of Inventory Valuation Can Result in a Company's