Accounting MCQ Inventory Valuation of LCNRV & LCM Method This meant that the new ASU released DID NOT affect which costing methods? How were they affected before vs. after 2016?

This meant that the new ASU released DID NOT affect which costing methods? How were they affected before vs. after 2016?

Naim 22:33 Inventory Valuation of LCNRV & LCM Method

This meant that the new ASU released DID NOT affect which costing methods? How were they affected before vs. after 2016?

Answer:

- LIFO & Retail Inventory Costing Method
- no affect before and after

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