Respond to the following in a minimum of 175 words: Explain LIFO and FIFO invent

Respond to the following in a minimum of 175 words:
Explain LIFO and FIFO inventory methods.
Provide 1 example of a business that uses LIFO and 1 example of a business that uses FIFO.
Explain why the businesses you identified might use a particular inventory method.

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