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kaholi1989
Aug 6, 2012, 10:04 PM
Accounting procedures allow a business to evaluate their inventory at LIFO (Last In First Out) or FIFO
(First In First Out). A manufacturer evaluated its finished goods inventory (in $ thousands) for five
products both ways. Based on the following results, is LIFO more effective in keeping the value of his
inventory lower?
Product FIFO LIFO
1 225 221
2 119 100
3 100 113
4 212 200
5 248 245

paraclete
Aug 7, 2012, 05:27 AM
What? Please undertake your assignment yourself and then we will discuss your answer with you