Publications
Publications
- September 1991 (Revised October 1991)
- HBS Case Collection
LIFO or FIFO? That Is the Question
By: William J. Bruns Jr.
Abstract
Excerpts from annual reports of Blount, Inc., Penn Central Corp., and Quaker Oats. Shows changes in inventory valuation from FIFO to LIFO and LIFO to FIFO. Intended to promote a discussion of assumed cost flows through inventory accounts, accounting method changes, the role of auditors, and financial reporting strategy.
Keywords
Citation
Bruns, William J., Jr. "LIFO or FIFO? That Is the Question." Harvard Business School Background Note 192-046, September 1991. (Revised October 1991.)