Combatting Inflation – It’s time to Evaluate the Benefits of LIFO

INSIGHT Dec 9, 2021 1 min read

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Sikich

Combatting Inflation: It’s Time to Evaluate the Benefits of LIFO

December 9, 2021

The “Last-in First Out” (“LIFO”) inventory method has been around for many years, but it has taken on renewed interest this year due to the widespread impact of inflation on product prices for many manufacturers and distributors.

IRS Form 970 Application to Use LIFO Inventory Method (includes Form and Instructions)

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