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Explain why proponents of LIFO argue that is provides a better match of revenue and expenses

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Explain why proponents of LIFO argue that is provides a better match of revenue and expenses. In what situation would it not provide a better match?

In what financial documents does an inventory valuation appear? How does the valuation method an organization chooses affect the final valuation figure? In what ways is that figure important to an organization?

What are some methods of controlling inventory?