Question: When using the FIFO method of valuing inventory, the first item taken out of inventory is the last item taken out. the first items taken

When using the FIFO method of valuing inventory,
the first item taken out of inventory is the last item taken out.
the first items taken out of inventory have a short shelf life.
the first item put into inventory is the first item taken out.
materials with a short shelf life are valued.
When using the FIFO method of valuing inventory,

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