Will technology make FIFO and LIFO obsolete? Given the increased automation in nearly every business with inventory,
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Will technology make FIFO and LIFO obsolete? Given the increased automation in nearly every business with inventory, the costs of the specific identification method are becoming significantly cheaper than they had been. Do you think that all businesses will be using a specific identification method eventually?
What are the advantages and drawbacks of using specific identification rather than LIFO or FIFO?
Related Book For
Concepts in Enterprise Resource Planning
ISBN: 978-1111820398
4th edition
Authors: Ellen Monk, Bret Wagner
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