What are the alternatives available for accounting for inventory and advertising?

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Accounting

What are the alternatives available for accounting for inventoryand advertising?

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The alternatives available for accounting for inventory 1FIFO First In First Out This technique expects that the principal merchandise procured are the main products sold This outcomes in the expense of products sold being accused of the soonest cost and consummation stock expressed as far as the latest expense Calculation of the expense of consummation stock includes two stages a decide the numerical amount of completion stock b duplicate the number of units close by the expense of stock beginning with the latest expense 2LIFO Last In First Out This technique expects that the last merchandise acquired are the main sold This methodology charges the cost of products sold with the most recent securing expenses and closure stock is esteemed at the See Answer

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