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. <br />By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" <br />You'll also understand their impact on the financial statements. <br /> <br />This lesson is ONLY applicable if you are in the US -- under IFRS, which most other countries follow, only FIFO is allowed. <br /> <br />http://www.mergersandinquisitions.com/
