Accountancy, asked by anwesa32, 8 months ago

what is called lifo​

Answers

Answered by Anonymous
4

Answer:

methods used in managing inventory and financial matters involving the amount of money a company has to had tied up within inventory of produced goods , raw materials parts , components or feedstocks ......

Answered by gayatri185
4

Answer:

lifo stand for "last-in, first-out". it is a method used for cost flow assumption purpose in the cost of goods sold calculation.

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