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Hewlett Packard (HP) primarily uses the FIFO (First-In, First-Out) inventory method for accounting purposes. This method aligns with the company's focus on managing technology products that have rapid obsolescence. While HP may have specific subsidiaries or contexts where LIFO (Last-In, First-Out) is utilized, the overall approach tends to favor FIFO for its alignment with current market conditions and inventory turnover.
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What is Target Store method of inventory valuation?
lifo
What method of inventory cost flows is the cost flow assumed in reverse order?
THERE ARE THREE METHODS OF INVENTORY COSTS FLOW. 1: LIFO=first in first out 2; LIFO= last in first out 3: AVERAGE method and your answer is LIFO
Inventory aging system based on FIFO and LIFO method?
FIFO First in first out LIFO Last in last out
What is the inventory method that considers the inventory to be composed of the units of merchandise acquired earliest?
LIFO - last in first out.
What inventory cost method is often adopted because of income taxes?
lifo
Does Target use the lifo fifo or average-cost inventory method?
fifo
What is Target Store method of inventory valuation?
lifo
How do you calculate lifo reserve?
The LIFO reserve is calculated by taking the difference between the inventory reported under the Last In, First Out (LIFO) method and the inventory that would have been reported under the First In, First Out (FIFO) method. It reflects the amount by which LIFO inventory is less than FIFO inventory. To calculate it, you subtract the LIFO inventory balance from the FIFO inventory balance at the end of a reporting period. This reserve is important for understanding the tax implications and financial health of a company using LIFO accounting.
What method of inventory cost flows is the cost flow assumed in reverse order?
THERE ARE THREE METHODS OF INVENTORY COSTS FLOW. 1: LIFO=first in first out 2; LIFO= last in first out 3: AVERAGE method and your answer is LIFO
Inventory aging system based on FIFO and LIFO method?
FIFO First in first out LIFO Last in last out
What is the inventory valuation method that results in the lowest taxable income in a period of inflation?
LIFO method
What is the inventory method that considers the inventory to be composed of the units of merchandise acquired earliest?
LIFO - last in first out.
What inventory cost method is often adopted because of income taxes?
lifo
Which inventory method assigns the most recent costs to the cost of the good sold?
LIFO
When merchandise sold is assumed to be in the order in which the expenditures were incured the inventory method is called?
lifo
What is the inventory method that charges the most recent cost incurred against revenue?
LIFO
What is the inventory costing method that charge the most recent incurred against revenue?
LIFO
