Inventory Flashcards
1
Q
When to not use LIFO
A
![](https://s3.amazonaws.com/brainscape-prod/system/cm/223/188/367/a_image_thumb.png?1508759462)
2
Q
Inventory Turnover
A
COGS ÷ Average Inventory
3
Q
Advantages / Disadvantages of LIFO
A
![](https://s3.amazonaws.com/brainscape-prod/system/cm/223/188/396/a_image_thumb.png?1508759516)
Financial Accounting > Inventory > Flashcards
When to not use LIFO
Inventory Turnover
COGS ÷ Average Inventory
Advantages / Disadvantages of LIFO