Please enable JavaScript.
Coggle requires JavaScript to display documents.
[FINANCIAL STATEMENT ANALYSIS]
CHAP 2: BALANCE SHEET
(2) INVENTORY, COGS…
-
-
Inventory: (1) Raw material, (2) Work-in-progress, (3) Finished goods
-
-
-
-
-
-
-
Rising Price:
- LIFO Inv < FIFO Inv
- LIFO COGS > FIFO COGS
- LIFO Net Income < FIFO Net Income
- LIFO tax < FIFO tax
-