Finance

LIFO Calculator for Inventory

Ending inventory under LIFO.

Calculated Output

Ending inventory ($) 20,000

Step-by-Step Breakdown

1. Values used:

2. Beginning inventory = 10,000 $

3. Purchases = 50,000 $

4. COGS (from newest costs) = 40,000 $

5. Ending inventory = 20,000$

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Frequently Asked Questions

Inflation?

LIFO gives higher COGS and lower taxes in inflation.