- CFA Exams
- CFA Level I Exam
- Study Session 8. Financial Reporting and Analysis (3)
- Reading 25. Inventories
- Subject 6. Financial Analysis of Inventories
CFA Practice Question
Compared with FIFO, LIFO results in ______ during periods of rising prices.
A. higher COGS and higher inventory balance
B. higher COGS and lower inventory balance
C. lower COGS and higher inventory balance
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