Hi everyboydy, I found in this amazing web page a solution from Rory to value inventories using FIFO method. I´m having a hard time trying to adapt it to LIFO. Any one can help me?
I´m attaching the original spreadsheet for the FIFO valuation.
Thank you! FIFO-test-with-chrono.xls
I fail to understand where you get your predicted values of 10, 40, 6, 66, 34. According to my workings, they should be 10, 40, 9, 69,40, and that is exactly what this formnula gives as well
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