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Last In, First Out (LIFO)

RECENT NEWS
Fight for Your LIFO
Wall Street Journal  Dec 1  Comment 
Is the White House's deficit-reduction commission filled with oil bulls? The potential impact of a proposal to eliminate last-in-first-out, or LIFO, accounting for inventories could be significant.
Nucor (NUE) Guides Q3 EPS Well Below the Street Amid Larger-Than-Expected LIFO Charge
StreetInsider.com  Sep 14  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Guidance/Nucor+%28NUE%29+Guides+Q3+EPS+Well+Below+the+Street+Amid+Larger-Than-Expected+LIFO+Charge/5967389.html for the full story.
PKN sees Q2 LIFO operating profit at 700 mln zlotys
Reuters  Jul 29  Comment 
Poland's top refiner PKN Orlen's second quarter LIFO operating profit stood at about 700 million zlotys ($227.7 million), the company said in a statement on Thursday. (Reporting by Kuba Jaworowski)
General Cable (BGC) Changes Inventory Accounting from LIFO to Average Cost
StreetInsider.com  Mar 18  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/General+Cable+%28BGC%29+Changes+Inventory+Accounting+from+LIFO+to+Average+Cost/5449680.html for the full story.
Nucor warns of Lifo drag on 1st-quarter earnings
Metal Bulletin  Mar 16  Comment 
Last-in, first-out (Lifo) inventory charges of some $23 million are expected to put a lid on Nucor Corp.?s first-quarter earnings.




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