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The dollar-value LIFO retail method Select one: O a. does not really include retail LIFO in the calculation process. O b. com
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The Answer is B) Combines the principle of retail LIFO with dollar-value LIFO. Because dollar-value LIFO retail method is a method used by retailers to achieve the LIFO cost flow without tracking individual units. Another a plus point is that pools of products are used. This will likely mean less liquidation of LIFO cost layers that would occur with the tracking of individual units.

It is an accounting method used for inventory that follows the last in, first out model. It uses this approach with all figures in dollar amounts, rather than in inventory units.

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