LIFO is a permissible valuation method under IAS 2.Average cost is recomputed following every dispatch or issue of inventory.When prices are rising, LIFO will produce the higher profit figure of all these methods.;When prices are rising, FIFO will produce the higher profit figure of all these...
FIFO,是先进先出法，题目问的是下面哪种方法导致期末存货的成本接近目前存货的重置成本。答案是先进先出法，先进来的存货，先被发货入账，那么账面上的期末存货，都是后进来的，因此就越接近期末存货的重置成本。
解析 FIFO,是先进先出法,题目问的是下面哪种方法导致期末存货的成本接近目前存货的重置成本.答案是先进先出法,先进来的存货,先被发货入账,那么账面上的期末存货,都是后进来的,因此就越接近期末存货的重置成本. 结果一 题目 会计关于LIFO FIFO AVERAGE COSTWhich method results in a cost of ending inventory ...
Financial Acronyms Idioms Encyclopedia Wikipedia </>embed</> inventory acc... last in first... LIFO noun Synonyms for LIFO nouninventory accounting in which the most recently acquired items are assumed to be the first sold Synonyms last in first out ...
五、结论 实际上我国存货的计价方式中,加权平均法(Average Cost Method)和先进先出法(FIFO)都有各自的缺陷。比如,FIFO法在通货膨胀情况下会虚增利润,增加企业的税收负担,不利于企业资本保全。而且,先进先出法对发出的材料要逐笔进行计价并登记明细账的发出与结存,核算手续比较烦琐。根据谨慎性原则的要求,先进先出法...
Retail Costing, FIFO, LIFO, Average COST?Will Atkinson
The periodic inventory system is used. Determine the inventory cost using(a)the first-in,first-out(FIFO)method;(b)the last-in,first-out(LIFO)method; and(c)the weighted average cost method(round per unit cost to two...
For companies on LIFO, the LIFO reserve represents the difference between their ending inventory balance at FIFO or average cost (commonly referred to as “current year cost) vs. LIFO cost (for dollar-value LIFO calculations, a non-LIFO costing method must be used to track inventory costs thro...
LIFO 美[ˈlaɪfoʊ] 英[ˈlaɪfəʊ] 网络后进先出(Last In First Out);后进先出法;后进先处 英英 网络释义 abbr. 1. lastin,firstout
When there is zeroinflation, all three inventory-costing methods produce the same result. But if inflation is high, the choice of accounting method can dramatically affect valuation ratios. FIFO, LIFO, and average cost have different impacts: ...