LIFO for Retailers
A retailer of recreational and all-terrain vehicles has grown their LIFO reserve to over $350,000 in just two years of utilizing LIFO. That’s over $125,000 in cash that they’ve been able to reinvest in their business to continue to grow.
A large manufacturer of trailers added their retail sales division with $16M in inventory to LIFO and saw a first year LIFO reserve of $375k, and that reserve doubled the second year. They were thrilled not only to pay less tax, but at the ease of computing the LIFO reserve in a quick manner.
An analysis of LIFO benefits is seamless and is provided at no cost to you. Just send a copy of your year beginning and year ending inventory files, including unit costs, and we’ll provide a free estimate of benefit and a price quote for the project. Retailers of all types are taking advantage of LIFO.