MythosHF

gooner and super are right, but also as a side note: this seems to be a common testing problem. the cfai loves to test on "mixed" ratios (ratios that pull a number from the I/S and a number from the B/S). So know that whenever you're pulling a number from the I/S you want to use LIFO because it reflects a current COGS, whereas when you pull a number from the B/S, you want to use FIFO because it more accurately reflects inventory.