Suggested Reading

Bragg, Steven M. Accounting for Inventory. Accounting Tools, November 2015.

Cromwell, John. "Rules for Changing From FIFO to LIFO." Chron, Hearst,

Gray, D. and Ehoff Jr., C. "Lower of cost or market inventory valuation: IFRS versus US GAAP." Journal of Business and Economics Research, 2014, 12(1), pp. 19-22,

Kokemuller, Neil. "Accounting Basics for Inventory."' Chron, Hearst,

Schmidt, Marty. "Lower of Cost or Market Rule." Building the Business Case, Solution Matrix, Ltd., accessed 01 September 2018,