The Kelly Company uses FIFO. It has experienced rising costs for the last 5 years and expects that trend to continue
January 9th, 2018
The Kelly Company uses FIFO. It has experienced rising costs for the last 5 years and expects that trend to continue. The King Company increased the number of LIFO pools it uses to account for its inventory.Required1. Explain why you think each company follows its policy.2. Does either practice create ethical issues?