Question: 1. Shepherd Cycles used the FIFO inventory method in 2010. Shepherd Cycles plans to continue using the FIFO method in future years. Requirement R1. Which

1. Shepherd Cycles used the FIFO inventory method in 2010. Shepherd Cycles plans to continue

using the FIFO method in future years.

Requirement

R1. Which inventory principle is most relevant to Shepherd%u2019s decision?

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