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shy15
May 20, 2007, 06:37 PM
What are the benefits and shortcomings of using the LIFO method?
bunnyKutty
May 20, 2007, 08:09 PM
http://www.epcc.edu/Faculty/ninog/Acnt2303/Chapter8part2.doc

see this site
adpatel44
Nov 15, 2009, 07:27 PM
LIFO would more accurately reflect the current replacement costs, but it would devalue the original investment cost. This method is better if you are the end consumer of the inventory, and need to keep track of how much it will cost to maintain supplies.