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Reading 27, Inventories

How do I learn, remember, and retain the effects of increasing/decreasing prices and the effects of inflation on COGS and a firm?

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By understanding which costs are transferred to COGS under FIFO, LIFO, and weighted average cost.

Simplify the complicated side; don't complify the simplicated side.

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Can you direct me to a breakdown of this? Going through Schweser notes isnt helping.