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Other Fields Homework Help Accounting Topic started by: Fast2F on Jun 6, 2017



Title: One disadvantage of the LIFO method is that:
Post by: Fast2F on Jun 6, 2017
One disadvantage of the LIFO method is that:
A) flow of goods and flow of costs are the same.
B) it matches current selling prices and current costs.
C) an equal cost is assigned to each unit, so net income does not fluctuate as much as with other methods.
D) ending inventory is valued at very old costs.


Title: Re: One disadvantage of the LIFO method is that:
Post by: Augustis on Jun 6, 2017
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Title: Re: One disadvantage of the LIFO method is that:
Post by: Fast2F on Jul 18, 2017
I wish I would have known about this service with my other classes.


Title: Re: One disadvantage of the LIFO method is that:
Post by: Augustis on Sep 6, 2018
Happy to help :)