Grocery stores are required to use the FIFO method because they sell the oldest stock first to avoid spoilage.

Name: Grocery stores are required to use the FIFO method because they sell the oldest stock first to avoid spoilage.
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Question

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Grocery stores often use the FIFO (First In, First Out) method for inventory management to minimize spoilage, but there is no universal legal requirement mandating them to use this specific method.

Grocery Stores Are Required to Use the FIFO Method Because