同学你好,LIFO和FIFO都是针对的COGS来说的 所以LIFO后进先出,就是指COGS里记录的是最近的现在的产品价格,而inventory记录的是过去的产品价格 FIFO先进先出,就是指COGS里记录的是历史的过去的价格,而inventory记录的是现在的产品价格 这个图表就是上面的意思哦 添加评论 0 0 英俊· 2024年11月05日 有点没理解...
LIFO和FIFO是存货的两种计量方法,在通货膨胀的情况下,LIFO和FIFO对期末存货的计价和当期成本利润的影响是完全不同的:LIFO:由于发出的存货是按最新的采购价格(较高)计量的,发出的价格高,库存的价格低,所以期末账面存货价值就相对低了。在通货膨胀的情况下这种方法是最符合谨慎性原则的。FIFO:由于...
FIFO vs. LIFO FIFO and LIFO are two accounting methods used for inventory management. FIFO stands for first-in, first-out, it means that the oldest items in the inventory will be recorded as sold first (it is simply an accounting assumption)....
FIFO vs. LIFO Accounting: What is the Difference? FIFO vs. LIFO: What are the Pros and Cons? How Does LIFO and FIFO Impact Net Income? FIFO vs. LIFO Calculation Example FIFO vs. LIFO Accounting: What is the Difference? FIFO and LIFO are the two most common inventory valuation methods ...
LIFO reserve is the difference between accounting cost of inventory calculated using the FIFO method and the one calculated using the LIFO method. During inflation (period of rising prices), the FIFO inventory cost is higher than the LIFO inventory cost. Hence, ...
Twitter Google Share on Facebook Dictionary Legal 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 ...
(Accounting & Book-keeping) last in, first out (as an accounting principle in sorting stock). CompareFIFO Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014 ...
Assume U.S. GAAP applies unless otherwise noted. Sipex Corporation uses the LIFO inventory method, but most of the other companies in Sipex industry use FIFO. Which of the following best describes one
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Understanding LIFO and FIFO The U.S.generally accepted accounting principles(GAAP) allow businesses to use one of several inventory accounting methods: first-in, first-out (FIFO), last-in, first-out (LIFO), and average cost. These methods are used to track the movement of inventory and recor...