If you wish to compute economic earnings and are trying to decide how to account for inventory,
A)FIFO is better than LIFO.
B)LIFO is better than FIFO.
C)FIFO and LIFO are equally good.
D)FIFO and LIFO are equally bad.
E)None of the options

Name: If you wish to compute economic earnings and are trying to decide how to account for inventory, A)FIFO is better than LIFO. B)LIFO is better than FIFO. C)FIFO and LIFO are equally good. D)FIFO and LIFO are equally bad. E)None of the options
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The Answer is B

If You Wish to Compute Economic Earnings and Are Trying