A company uses the LIFO inventory method to determine cost. One of the managers complains that this.

A company uses the LIFO inventory method to determine cost. One of the managers complains that this is improper. He states: “We always sell our oldest products first. So we should be using first in, first out inventory costing.” What would you say in response to his comment? View Solution:
A company uses the LIFO inventory method to determine cost

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