http://minute-class.com/finance CFA Videos: Finance, Accounting and Investment Mon, 09 Nov 2009 07:23:05 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 http://feedproxy.google.com/~r/Minute-classcom/~3/aErvmVMKT0U/ http://minute-class.com/finance/free-cfa-video-last-in-first-out-lifo-to-first-in-first-out-fifo-conversion/#comments Mon, 09 Nov 2009 07:23:05 +0000 Editor http://minute-class.com/finance/?p=1319 <p><a href="http://feedads.g.doubleclick.net/~a/nh6WM_Z2LByDUFhfHZSX5bKQC5g/0/da"><img src="http://feedads.g.doubleclick.net/~a/nh6WM_Z2LByDUFhfHZSX5bKQC5g/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/nh6WM_Z2LByDUFhfHZSX5bKQC5g/1/da"><img src="http://feedads.g.doubleclick.net/~a/nh6WM_Z2LByDUFhfHZSX5bKQC5g/1/di" border="0" ismap="true"></img></a></p>Free CFA Video: Last-in-First-out (LIFO) to First-in-First-out (FIFO) Conversion &#160; Question: &#160; A company is reporting using LIFO. The beginning inventory was $50M and ending inventory was $60M. If it were reported in FIFO, then the beginning and ending inventories would have been $55M and $65M respectively. It reports that the COGS was $10M. What would the COGS in FIFO reporting be? &#160; Answer: &#160; &#160; FIFO inventory = LIFO inventory + LIFO [...]<img src="http://feeds.feedburner.com/~r/Minute-classcom/~4/aErvmVMKT0U" height="1" width="1"/> http://minute-class.com/finance/free-cfa-video-last-in-first-out-lifo-to-first-in-first-out-fifo-conversion/feed/ 0 http://minute-class.com/finance/free-cfa-video-last-in-first-out-lifo-to-first-in-first-out-fifo-conversion/