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tchantelle20g4EXERCISE 8.12 FIFO versus LIFO: A Challenging Analysis | Ford Motor Company uses FIFO and LIFO to account for different segments of its inventories. A note to the company's most recent financial statements indicated that if FIFO had been used for the entire inventory, the total amount of inventory would have been almost $1 billion higher ($8.3 million vs. $7.3 billion).
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