studyn

Good example.
But for the example you give, doesn’t COGS also find a way into C/F statement (in the way of “cash paid to suppliers” which increases if COGS is higher, assuming no change in inventory and a/c payables) In that case, wouldn’t COGS from LIFO being higher, would lead to a reduced c/f than that of FIFO?
maybe I am missing something more?