Inventory and COGS- LIFO vs FIFO

In this lesson, you'll learn how Inventory and Cost of Goods Sold (COGS) differ under the LIFO (Last-In, First-Out) and FIFO (First-In, First-Out) methods.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also understand their impact on the financial statements.

This lesson is ONLY applicable if you are in the US -- under IFRS, which most other countries follow, only FIFO is allowed.

http://www.mergersandinquisitions.com/