Question: Considering these different methods and their effects on a business's financial situation, tax obligations, and cash flow, it is interesting to consider how companies might
Considering these different methods and their effects on a business's financial situation, tax obligations, and cash flow, it is interesting to consider how companies might favor LIFO versus FIFO because of different market conditions. As I researched, I found grain companies like Johnston Grain here in our small town use average cost method. Being in the a farm town it is interesting to find out that for comodity type products like grain where indiviual unites a pysically indistinguishable and prices fucturate constantly the weighted averate cost method is typically the most practical. can you help me with this
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