Ask Experts Questions for FREE Help !
Ask
    kpauole's Avatar
    kpauole Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 21, 2008, 02:28 PM
    Fifo vs lifo
    What are the advantages and disadvantages using fifo and lifo as inventory valuation methods?
    Stratmando's Avatar
    Stratmando Posts: 11,188, Reputation: 508
    Uber Member
    		  
    #2

    Jan 21, 2008, 02:44 PM
    Fifo stock keeps rotated, takes more time.
    Lilo old stock may get real old, saves time,money. Quality is lost.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Fifo vs Lifo [ 2 Answers ]

618,876,000 (sales) 475,476,000 (cost of goods sold) 143,400,000 (gross profit) 102,112,000 (selling and admin expenses) 41,288,000 (income from operations) 24,712,000 (other expenses) 16,567,000 (income before income tax) 7,728,000 (income taxes) 8,848,000 (net income)

Fifo and lifo [ 3 Answers ]

Can someone help me to solve this question with explanation?It is urgent... I totally don know what is FIFO and LIFO and how to answer the question like this. Sunrise Company draws up its financial statements every 31March. The details of its purchases and sales for the financial year are as...

Lifo fifo [ 4 Answers ]

Having trouble understanding LIFO and FIFO.:( :confused:

View more questions Search