Question: Client X contacted you for clarification and recommendations on how the use of the LIFO method to value its inventories will be impacted if a

Client X contacted you for clarification and recommendations on how the use of the LIFO method to value its inventories will be impacted if a switch to financial statements prepared in compliance with IFRS will be made.

Write a 350 word summary of the discussion. **please include an INTRODUCTION**

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