div class=trans-pagebutton class=gotoPage data-page=1Page 1button div class=trans-imagea href=https:reader042fdocumentsusreader042viewer20220409145e8aa42539d1137d6856223ahtml5page1jpg target=_blank img data-url=documentlast-in-first-out-in-general-under-the-lifo-method-it-is-assumed-that-the-lasthtmlpage=1 data-page=1 class=trans-thumb lazyload alt=Page 1: Last-in first-out In general Under the LIFO method it is assumed that the last items entered into the inventory are the first items sold Because the most recently acquired or produced loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mM8Uw8AAh0BTZud3BwAAAAASUVORK5CYII= data-src=https:reader042fdocumentsusreader042viewer20220409145e8aa42539d1137d6856223ahtml5thumbnails1jpg width=140 height=200 adivdivdiv class=trans-pagebutton class=gotoPage data-page=2Page 2button div class=trans-imagea href=https:reader042fdocumentsusreader042viewer20220409145e8aa42539d1137d6856223ahtml5page2jpg target=_blank img data-url=documentlast-in-first-out-in-general-under-the-lifo-method-it-is-assumed-that-the-lasthtmlpage=2 data-page=2 class=trans-thumb lazyload alt=Page 2: Last-in first-out In general Under the LIFO method it is assumed that the last items entered into the inventory are the first items sold Because the most recently acquired or produced loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mM8Uw8AAh0BTZud3BwAAAAASUVORK5CYII= data-src=https:reader042fdocumentsusreader042viewer20220409145e8aa42539d1137d6856223ahtml5thumbnails2jpg width=140 height=200 adivdivdiv class=trans-pagebutton class=gotoPage data-page=3Page 3button div class=trans-imagea href=https:reader042fdocumentsusreader042viewer20220409145e8aa42539d1137d6856223ahtml5page3jpg target=_blank img data-url=documentlast-in-first-out-in-general-under-the-lifo-method-it-is-assumed-that-the-lasthtmlpage=3 data-page=3 class=trans-thumb lazyload alt=Page 3: Last-in first-out In general...