| It should be remembered that since 1992 the Group has valued its metal inventories on an annual LIFO basis in view of the nature of its activities and the problems entailed by stocktaking. |
| Multiple warehousing locations in accordance with FIFO, LIFO, and average cost methods. |
| Congress could be asked to change the tax law, but it is also possible that the S. E. C. would simply adopt I. F. R. S. with a provision allowing the use of LIFO accounting. |
| The reader can then hit a key and switch from historical cost to fair value, from FIFO to LIFO, and so on. |
| The offshore fleet identifies that each Minister has reaffirmed that access is temporary and that the LIFO policy will be followed. |
| The above graphic shows that if you carry out LIFO valuation when prices are increasing, this leads to a lower value than if you valuate stocks using the moving average price. |
