The advantage of the lifo method is a. an equal cost is, Ask an Expert

Accounting

The advantage of the LIFO method is:

a. an equal cost is assigned to each unit so net income does not fluctuate as much as with other methods.

b. it matches current selling prices and current costs.

c. flow of goods and flow of costs are the same.

d. old costs are matched against current income.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M958315

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