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SS5, inventories/ratio analysis

Have not taken mock yet, but has this material, COGS/LIFO/FIFO/ration analysis, shown up on recent Level 2 exams?

thanks,

John

i thought this was just added to LII this year..

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Just added this year, which makes you think a few questions would show up, I think knowing the equations going to/from FIFO & LIFO would get you atleast 1 hopefully 2 questions

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man i HOPE they have a full vignette on this stuff.

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would be nice, but EOC ?;s seem like they are too similar to level I. would like to eat those words.

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2011 BSAS has a pretty tough vin on this topic. Involves lifo liquidation, and is actually tougher than I thought. I will be reviewing this one...

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this stuff is so brain dead simple. if they have a section on this cogs/inventory analysis, it will only be because the rest of the exam is a massacre and they feel obligated to put in a "gimme" section.

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