Dollar Value LIFO. Simply Explained.

In this session, I discuss dollar value LIFO.
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[@sureshp4197]

Is this method tested on US CMA

[@sonabanu8085]

Thank you for making it so easy to understand!

[@angelyu5439]

Thank you sooooo much! You made it so much easier to understand!

[@TheAbraham560]

After adoption of Dollar Value LIFO, what method will be used to calculate the ending inventory cost before using the conversion Index adjustment. Since the current year cost has to be arrived at before adjusting the Index, in a scenario were the sales during the current year exceeds the purchases, old layers take the hit for the excess sales. But since the layers are not separately identifiable how will we arrive at the COGS & Ending Inventory.

[@rajatkakkar678]

Thank you so much sir❤❤

[@krschu00]

I fucking hate this method.