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

Why is dollar value LIFO method useful?

a. Because it overcomes the problem of LIFO liquidations.

b. Because base year dollars is difficult to obtain.

c. Because traditional LIFO method is not permitted by GAAP.

d. Because FIFO undercosts ending inventory during inflationary times.

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