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Business, 16.11.2019 00:31 zeinabelsiblini

Inventory information for part 311 of monique aaron corp. discloses the following information for the month of june. june 1 balance 300 units @ $10 june 10 sold 200 units @ $24 11 purchased 800 units @ $12 15 sold 500 units @ $25 20 purchased 500 units @ $13 27 sold 300 units @ $27 why is it stated that lifo usually produces a lower gross profit than fifo?

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