Riverwood International Corporation, a leading provider of paperboard, announced the following:

Discuss why, and under what conditions, FIFO might enable Riverwood International to “more closely match”
its costs with its revenue.

Transcribed Image Text:

During the fourth quarter, the Company changed its inventory valuation method from the last-in, first-out method to the first-in, first-out (FIFO) method as the Company determined that over time, FIFO more closely matches the Company's revenues with its costs.