[CPASF1]

NINJA Question –

Hello, I am watching the BEC NINJA BISK lectures and I see that in the videos it is mentioned that there are only 2 cost flow assumptions (FIFO, weighted average), aren’t there 3 (FIFO, LIFO, weighted average)? thank you

[mckan514w]

The Cost Flow assumptions for manufacturing using Equivalent Units is either FIFO or Weighted Average… there is no LIFO cost assumption.

and they ask me why I drink...

FAR- 61-next time I'll ask for lube instead of a calculator
REG-75- Never been so happy to see such a low grade
BEC- 8/11
AUD- 9/2

[CPASF1]

thank you so so much mckan514w!

[Author]

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