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JIT, LIFO, FIFO (inventory management-operations strategy) -help

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emilyygeorgexx:

--- Quote from: Mandynguyennmm on May 23, 2018, 07:11:53 am ---Also would LIFO mainly be used for goods that appreciate overtime e.g. for wine???

--- End quote ---

LIFO is used for some things that get better over time. Like some cheeses or wines taste better as they age over a long period of time, therefore you would use LIFO to sell goods like that rather than sell them right now

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