A Disadvantage of the LIFO Method Is That

question 51

Multiple Choice

A disadvantage of the LIFO method is that:

• A) it doesn't match physical flow of goods.
• B) ending inventory is valued at very old costs.
• C) it matches current selling prices and current costs.
• D) Both A and B are correct.

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Definitions:

Transfer Opportunity

The chance for an employee to move to a different job within the same company, often for career development or personal reasons.

Medical History

A record of a person's past ailments, surgeries, prescriptions, and other medical interventions, used by healthcare professionals for diagnosis and treatment.

Geographic Preferences

The expressed or indicated areas or locations in which a person prefers to live or work.

Career Goals

Objectives or benchmarks that individuals set for their professional development and advancement over time.