Question: In chapter 6, we learned about the different types of inventory cost methods: FIFO, LIFO, and Weighted Average. Why is there a difference in reported

In chapter 6, we learned about the different types of inventory cost methods: FIFO, LIFO, and Weighted Average. Why is there a difference in reported profit depending on if you use FIFO or LIFO? And is Weighted Average not affected in the same way?

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