Unformatted text preview: 400 doses were consumed after that date. This seems counter-intuitive. The key is that LIFO is a cost flow assumption used only to calculate inventory-related expense and ending inventory balances. It does not identify the specific inventory units that were actually consumed. FIFO Inventory Value LIFO Inventory Value...
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This note was uploaded on 02/22/2012 for the course FINANCE 390:300:03 taught by Professor Palmon during the Fall '10 term at Rutgers.
- Fall '10