Why would a company switch to the LIFO method of inventory valuation in an inflationary period?

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Understanding financial statements

ISBN: 978-0136086246

9th Edition

Authors: Lyn M. Fraser, Aileen Ormiston

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Question Posted: Jun 11, 2012 03:00 AM

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Why would a company switch to the LIFO method of inventory valuation in an inflationary period?

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Although LIFO generates a larger cost of goods sold expense ...View the full answer

Understanding financial statements

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