Why might the use of the LIFO method for costing inventories result in lower income taxes?

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Financial Accounting IFRS

ISBN: 978-1118285909

2nd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Jul 09, 2018 11:33 AM

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Why might the use of the LIFO method for costing inventories result in lower income taxes?

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Financial Accounting IFRS

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