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Inventory Accounting
 

In periods of rising prices & stable or increasing inventory quantities
 

LIFO results in:

FIFO results in:

     High COGS

     Lower taxes

     Lower net income (EBT & EAT)

     Lower inventory balances

     Lower working capital

     Higher inventory turnover

     Lower COGS

     Higher taxes

     Higher net income (EBT & EAT)

     Higher inventory balances

     Higher working capital

     Lower inventory turnover

 





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