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BOPPPS - Bridge
Eleven slides will be presented containing various articles about LIFO and FIFO inventory valuation systems.
We will read and discuss each article.
The class will then be divided into two groups, each favoring one or the other method.
Each group will discuss why they chose the particular method.
Students will be asked to prepare a short cost of goods sold statement using each method to determine
the resulting effect on net income.
A list will be displayed showing the inventory valuation method used by various major firms.
The class will be given a list of other companies and be asked to recommend the valuation method each
company should use.
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