Link-chain Inventory???

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  • #2691468
    animalwithin
    Participant

    I’m seeing link-chain inventory in the SIMs in Ninja but I don’t recall seeing that in my review material and I’ve never seen it in questions from other programs.

    I know dollar-value LIFO but and it’s corresponding inventory layers but link-chain I haven’t seen before. Is this a Ninja-specific format?

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  • #2692377
    TheeAccountant
    Participant

    Link-chain is one method of calculating dollar value LIFO. Double extension is the other method. JoA has definitions of these at the end of this article. Your other review material probably uses the link-chain method but neglects to refer to it by name.

    AUD - 85
    BEC - 92
    FAR - 84
    REG - 88
    I've found an anomaly in the Space-Time Continuum. NASBA and the AICPA are in the 19th century. They use slide rules to score the exam, and then they send the scores by Pony Express to the State Boards. That's why it takes so long for them to do a score release.
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