I’ve seen some question, for all temoral method, dose it matter if using LIFO or FIFO when translate the inventory balance on balance sheet? or it is a firm rule, no matter what, always use historical rate to translate inventory balance? Thanks.
I’ve seen some question, for all temoral method, dose it matter if using LIFO or FIFO when translate the inventory balance on balance sheet? or it is a firm rule, no matter what, always use historical rate to translate inventory balance? Thanks.