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    rainbom's Avatar
    rainbom Posts: 1, Reputation: 1
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    #1

    Apr 4, 2006, 11:34 AM
    Fifo Or Lifo Costing Method
    Which One Of These Costing Methods Overstates Inventory Turnover In A Period Of Inflation? Lifo Or Fifo. And Which One Matches Actual Physical Flow Of Goods. Lifo Or Fifo.
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    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Apr 5, 2006, 11:33 AM
    Quote Originally Posted by rainbom
    Which One Of These Costing Methods Overstates Inventory Turnover In A Period Of Inflation? Lifo Or Fifo.
    FIFO


    Quote Originally Posted by rainbom
    And Which One Matches Actual Physical Flow Of Goods. Lifo Or Fifo.
    LIFO

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