ACCT 5202 Session 6 Clip, Inventory Method Use over Time

Clip of session on 2/27/2020 from spring 2020.

Discussion of this spreadsheet showing inventory use over time by firms.  There is a notable trend in the number of firms with no inventory.  Of firms that have inventory, most use FIFO, then AVG cost.  LIFO is not used by that many firms.