Question: Why is dollar value LIFO method useful? a. Because base year dollars is difficult to obtain. b. Because it overcomes the problem of LIFO liquidations.

Why is dollar value LIFO method useful? a. Because base year dollars is difficult to obtain. b. Because it overcomes the problem of LIFO liquidations. c. Because traditional LIFO method is not permitted by GAAP. d. Because FIFO undercosts ending inventory during inflationary times

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