Last In, First Out (LIFO) Inventory Method: Pros and Cons
Inventory valuation is an accounting process used by companies to assign value to their inventory. It determines the cost of
Sara Richardson
May 30, 2024
Sara joined Source Advisors in 1995 as a Customer Service Manager. She was integral in developing Source Advisors’ proprietary software program for the IPIC method. Sara has served in several roles while on the Source Advisors team, including the development of the Trade Discounts service, Sales Support, Director of IPIC Services, and Director of LIFO Client Services.
As a Managing Director, Sara leads the LIFO division, building and developing a team of LIFO Managers.
Sara has her Bachelor’s degree in Business Administration from Abilene Christian University.
Inventory valuation is an accounting process used by companies to assign value to their inventory. It determines the cost of
The LIFO Conformity Rule is a tax regulation in the United States that mandates businesses to use the LIFO method
While inflation is not at the high levels seen in the last couple of years, if you haven’t elected LIFO