LIFO Inventory Valuation Method
Ship Monk
MAY 19, 2023
How much is your inventory worth? This is an important question because it determines your company’s tax liability and affects its overall financial picture at the end of the year. There are several different methods, or cost flow assumptions, that can be used to value your assets at the end of the year, as well as determine cost of goods sold (COGS) during the year.
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