Your guide to a career in financeTM
Your guide to a career in financeTM |
|
||||
Quick Links: Learn MS Excel for Financial Services 2008 M&A Deals You Should Know People in Finance You Should Know
|
LIFO Inventory ValuationLIFO, or Last In First Out inventory valuation, bases cost of goods sold on the last inventory bought and values inventory based on the oldest inventory. In rising prices, LIFO results in a lower inventory valuation and higher cost of goods sold. The higher COGS results in lower net income. Click here for a LIFO diagram
|
| Copyright @ 2008-2010, Bankingorbust, LLC All Rights Reserved Press Contact Us | |