ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 51

14. LIFO liquidations can occur frequently when using a
specific-goods approach.

15. Dollar-value LIFO techniques help protect LIFO layers
from erosion.

16. The dollar-value LIFO method measures any increases
and decreases in a pool in terms of total dollar value and
physical quantity of the goods.