Page 25 - FINAL CFA I SLIDES JUNE 2019 DAY 8
P. 25
Session Unit 8:
28. Inventories
tanties
Inventory footnote: The company uses the LIFO
inventory cost flow method. Had FIFO been used,
inventories would have been $100 higher in 20X6 and
$90 higher in 20X5. The tax rate for 20X5 and 20X6
was 20%.
