Final answer:
FIFO is best for perishables, LIFO for nonperishables in inventory management.
Explanation:
FIFO (First In, First Out) is the inventory method that most closely matches the physical flow of perishables. This is because it assumes that the first items purchased are also the first ones sold, which aligns with the usual flow of perishable goods like milk that have a short shelf life.
On the other hand, LIFO (Last In, First Out) would be more accurate for nonperishable goods like canned tuna, where newer items are assumed to be sold first. This method does not align well with the flow of perishables.
Therefore, for perishable goods, the FIFO method is more suitable as it better mirrors the actual physical flow of these items.
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