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how can First In, First Out (FIFO) method be a good cost saving strategy for Filipino families and businesses?​

Sagot :

Answer:

FIFO is more likely to give accurate results. This is because calculating profit from stock is more straightforward, meaning your financial statements are easy to update, as well as saving both time and money. It also means that old stock does not get re-counted or left for so long it becomes unusable.

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