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- 2011-7-11
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- 2013-9-9
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With decreasing prices - your latest inventory is cheaper, older inventory is more expensive.
So with FIFO inventory - your Balance sheet will look bigger.
With LIFO COGS - your COGS will be lower on the Income statement - so your Profits will be inflated. |
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发表于 2013-4-28 09:57
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