Question: Organizations utilize at least one inventory method ( FIFO , LIFO, or weighted - average ) to calculate their cost of goods sold and ending

Organizations utilize at least one inventory method

(

FIFO

,

LIFO, or weighted

-

average

)

to calculate their cost of goods sold and ending balance of inventory. Find an article that discusses a business that utilizes one of the three inventory methods or provide a real

-

life example.. What would be a good example and why?

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