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With falling prices, LIFO COGS (Cost of Goods Sold) will include the cost of lower-priced inventory and COGS will be less as compared to FIFO COGS. Because of this, the firm reports a higher gross profit margin (Gross Profit/sales) under LIFO than under FIFO, while LIFO inventory will be higher and inventory turnover lower.
The four principles of organic farming do not include
Who is responsible for implementing NPOP in India?
Which of the following not belong to Post harvest handling of seed crop?
Which of the following components of a Farm Pond is useful for letting out the excess water from the pond?
Match List I with List II