FIFO, LIFO, and average costing are three frequently used techniques, but the most common methods use the cost of last purchase and the replacement value of the inventory.

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The Answer of FIFO, LIFO, and average costing are three frequently used techniques, but the most common methods use the cost of last purchase and the replacement value of the inventory.

FIFO, LIFO, and Average Costing Are Three Frequently Used Techniques