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harra harra
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Posts: 1309
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6 years ago
The FIFO method can result in misleading inventory costs on the balance sheet because the oldest prices are left in ending inventory.
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Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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KryzenKryzen
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6 years ago
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harra Author
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6 years ago
Can't believe how you found this in the textbook, great answer.
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