LIFO

Last-In, First-Out (LIFO) Method in DEXEF

The LIFO method assumes that the most recently acquired inventory items are sold first, which may not reflect the actual physical flow of goods.

Considerations for Using LIFO

• Impact on Cost of Goods Sold (COGS)
• Tax Implications
• Financial Reporting Differences
• Use in Inflationary Environments

LIFO method impacts inventory valuation and financial statements in DEXEF ERP, especially in cost and tax considerations.