Quantcast

A community for students. Sign up today!

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

a7192095\

  • 3 years ago

A company utilizes the FIFO method for inventory and provides a number for the FIFO effect each reporting period. However, I noticed that the sum of the provided FIFO effect for Q1 and the provided FIFO effect for Q2 is not equal to the provided FIFO effect for H1. What would result in this?

  • This Question is Closed
  1. gw2011
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Using FIFO means that the inventory is made up of the most current items purchased by the company. Therefore, there could be items purchased during these periods which will affect the inventory.

  2. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Ask a Question
Find more explanations on OpenStudy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.