李同学2019-01-11 14:56:10

FIFO is appropriate for inventory that has a limited shelf life and LIFO is appropriate for inventory that does not deteriorate with age. Because the movies have a very limited shelf life and will greatly deteriorate in value with age, especially after the first year, FIFO is the most appropriate method of accounting for the movies for sale. During a period of declining prices, a company using the last-in, first-out (LIFO) inventory method instead of first-in, first-out (FIFO) method will most likely report a lower value for: A ending inventory. B gross profit. C cost of goods sold. C 题外问题：这里的movies是指 电影院上映的电影 还是指 实体的影响光盘？