Just completed the chapter 8 homework, I remember touching on this topic in Managerial Accounting last semester. I was just wondering why it got narrowed down to FIFO and Weighted-Average. I thought we learned about four different methods, maybe just three last semester. But where did LIFO, last-in, first-out, go? Do a lot of companies not use this process, and it's just similar to FIFO, that we don't discuss it again?

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