Business, 20.02.2020 23:10 Baby010391
Some circumstances justify departures from the historical cost approaches of FIFO, LIFO, and weighted average cost. Several additional inventory methods may be used when circumstances warrant. Identify and describe each of these alternative methods. Include an example of when each method may be applied. o Identify which methods could be used to determine whether there has been shrinkage or shortage in the physical inventory.
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