http://minute-class.com/finance/lifo-reserve/ CFA Videos: Finance, Accounting and Investment Sat, 04 Feb 2012 22:51:58 +0000 http://wordpress.org/?v=2.8.4 hourly 1 http://minute-class.com/finance/lifo-reserve/comment-page-1/#comment-750 Anonymous Sat, 21 Feb 2009 10:53:21 +0000 http://minute-class.com/finance/?p=898#comment-750 The difference between FIFO inventory and LIFO inventory. The figure indicates how much a company's taxable income has been reduced by using the LIFO accounting method rather than the FIFO accounting method. As prices for goods and materials rise, the LIFO reserve will also rise. The difference between FIFO inventory and LIFO inventory. The figure indicates how much a company’s taxable income has been reduced by using the LIFO accounting method rather than the FIFO accounting method. As prices for goods and materials rise, the LIFO reserve will also rise.

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