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Webproduction. In particular, hurricanes Katrina and Rita crossed through the heart of the Gulf producing region, resulting in widespread shut-in production, some of which continues to the present. As of June 1, 2006, production of crude oil has been reduced by more than 162 million barrels and production of natural gas reduced by 784 billion cubic WebNov 28, 2024 · Advantages of FIFO method are as follow : 1. Materials are issued on the basis of purchases. 2. It is very simple and easily understandable. 3. The closing inventory is valued at the current level prices. 4. Mostly used in case of perishable goods. 5. Better to follow in case of deflation than inflation to reduce the tax liability. nao road investment strategy
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