Assume the a for sure separately determined inventory under FIFO and LIFO and then compared the results.

You are watching: Why would management prefer to use lifo over fifo in periods of rising prices

a. In each space below, place the correct sign

(=)> because that each comparison, assuming durations of rising prices.

1.

FIFO inventory

LIFO inventory

2.

FIFO cost of items sold

LIFO cost of items sold

3.

FIFO net income

LIFO net income

4.

FIFO earnings tax

LIFO income tax

b. Why would management prefer to usage LIFO end FIFO in periods of climbing prices?


Jan 01 2021 12:08 PM

1 approved Answer


*

LAJU Manswered on January 03, 2021
5Ratings,(18 Votes)

1.

a.

FIFO inventory

> (greater than)

LIFO inventory

b. FIFO price of products sold


pdfupload">
solution.pdf
Do you need an answer to a question different from the above? Ask your question!
Help united state make our services better
(Rate this systems on a range of 1-5 below)
We desire to correct this solution.Tell united state more
*

(Hide this section if you desire to rate later)


Was the last answer that the inquiry wrong?


Were the solution actions not detailed enough?


Was the language and also grammar one issue?


Does the question reference dorn data/reportor numbers?


Thank You
We evaluate your Feedback

continue to be Solved :)


This article will auto close in 5 seconds

Didn"t find yours?

Ask a new question

Get plagiarism-free solution within 48 hours


Review Please


Next Previous

Related Questions


Plagiarism Checker

Submit her documents and get free Plagiarism report

free Plagiarism Checker
X

Stuck v a Question?

Your equipment is simply a click away! get it Now

Try complimentary for 7 days
Create one Account and Get the Solution
Log into your existing charline-picon.com account
have an account already? Click below to Login

By creating an account, friend agree come our state & conditions


No Account Yet? Click below to authorize Up
authorize in through Facebook

we don"t write-up anything without your permission


*

Looking for Something Else? asking a similar Question

Ask Now
Lets Start
X

Couldn"t find What friend Were searching for ?

Ask Your question Now!

Get it resolved from our top experts within 48hrs!


X

Stuck through a Question?

Get the finish solution best now.

See more: Ball And Socket Joint Degree Of Freedom, Ball & Socket Joint

View finish Solution
187 wolf Road, Albany new York, 12205, USA
+1-559-702-8922
Level 6/140 Creek Street, Brisbane, QLD 4000, Australia
+61-255-071-203
support
charline-picon.com
Reach united state on:
*

© 2007-2021 Transweb global Inc. All civil liberties reserved.
inquiries & answers
authorize upSign In
+61-255-071-203
+1-559-702-8922
1
*