Express: Inventory Costs Outflows- Cost of Sales and Inventory Disclosures

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  • Terms and concepts
    • Cost outflow decisions
    • First-In-First-Out (FIFO) cost method
    • Last-In-First-Out (LIFO) cost method
    • Average cost method
    • LIFO reserves
    • LIFO layers
  • Consequences of cost methods
    • Cost of sales and inventories
    • Ratios
  • Company disclosures
    • Caterpillar
    • CNH Global
  • Take-aways

Express Video: [20 min]

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Additional Materials:

Video slides [pdf]   



Sources: Caterpillar CNH Global All brands and product names are trademarks of their respective owners.


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