Cost Flow Assumption: BEC NINJA BISK

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  • #1322446
    CPASF1
    Participant

    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

    #1322537
    mckan514w
    Participant

    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

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    #1322839
    CPASF1
    Participant

    thank you so so much mckan514w!

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