hahahha, yup, 1st year Intro to Acctg.. worst class ever.

 

now that i know we were talking about inventory instead of depreciation (people on ludes should not drive)........ don't most companies just use standard cost..... I have only worked for 2 decent sized manufactures and both use(d) standard cost. One distribution company used average cost.....

who the hell uses LIFO or FIFO?

 

The only thing good about this class was the fact that i had a wicked MILF of a teacher. Only reason i went.

She'd talk about this new sweater she got making her boobs look perky and what not. I employed the FILO technique when i went to class.....

FIRST IN, LAST OUT.

 

Scot, what do you mean you couldn't endure CPAs..... I feel insulted. Come on over and I'll hit you with my calculator.