In an inflationary environment, which inventory cost flow method, FIFO or LIFO, results in the largest balance in ending inventory?
What will be an ideal response?
FIFO
The first-in, first-out (FIFO) cost flow method requires that the cost of the items purchased first be assigned to cost of goods sold. The last-in, first-out (LIFO) cost flow method requires that the cost of the items purchased last be charged to cost of goods sold. In an inflationary period, FIFO reports the lowest cost of goods sold (earliest purchases) and the largest balance in ending inventory (most recent purchases).
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One difference between domestic marketing and global marketing is the scope of activities
Indicate whether the statement is true or false
If the Hyatt Corporation were to take a stand on terrorism and institute a corporate-wide policy implementing security bag check-in at all hotels and deactivation of all side door key entry after hours; they would be responding based on ______.
a. a terrorism threat b. environmental assessment c. internal evaluation d. political event
Survey data from CEOs of the 162 largest firms on the Fortune's list of the 500 largest U.S. corporations revealed that the CEOs strongly believed that international business skills and knowledge were important not merely for promotion to senior executive positions but also for appointment to _____ positions.
Fill in the blank(s) with the appropriate word(s).
You have been asked to evaluate the economic potential of a new global market. What economic measures would you use? Explain each measure.
What will be an ideal response?