一道CFA考試題全是英文的，即便是解析也是用英文解釋的，那關(guān)于LIFO這道題很多人錯(cuò)，那這道題的解析是怎樣的呢？CFA考試題有沒有中文解析呢？和小編一起看看！

In a period of rising prices and stable inventory levels,which inventory valuation method will most likely result in the highest inventory turnover ratio,all else being equal?

A、Last-in,first-out(LIFO)

B、Weighted average cost

C、First-in,first-out(FIFO)

【Answer to question 2】A

【analysis】

A is correct.In a period of rising prices,the most recently purchased units of inventory carry the highest cost.Under the LIFO approach,it is these high-cost units(those that are“l(fā)ast in”)that are transferred to the income statement(“first out”)as cost of goods sold.The lowest-cost units remain on the balance sheet as inventory.With a high cost of goods sold value(numerator)and a low inventory value(denominator),the inventory turnover ratio is highest under LIFO.

A是正確的。在價(jià)格上漲的時(shí)期，zui近購買的庫存單位成本zui高。根據(jù)后進(jìn)先出法，正是這些高成本單位（即“后進(jìn)”單位）作為銷售商品成本轉(zhuǎn)入損益表（“先出”）中。資產(chǎn)負(fù)債表上的*成本單位仍作為存貨。由于商品銷售成本高（分子）和存貨價(jià)值低（分母），在后進(jìn)先出法下，存貨周轉(zhuǎn)率zui高。


B is incorrect.Under the weighted average approach,inventory is transferred to the income statement at a cost that falls somewhere between the lowest cost earlier purchases and the higher cost later purchases.The cost of goods sold value is thus higher than the FIFO value,but lower than the LIFO value.Similarly,the inventory value falls between that of LIFO and FIFO.The inventory turnover ratio also falls in between that of LIFO and FIFO.

B不正確。根據(jù)加權(quán)平均法，存貨轉(zhuǎn)移至損益表的成本介于zui低的早期采購成本和較高的后期采購成本之間。因此，商品銷售成本高于先進(jìn)先出價(jià)值，但低于后進(jìn)先出價(jià)值。同樣，存貨價(jià)值介于后進(jìn)先出和先進(jìn)先出之間，存貨周轉(zhuǎn)率也介于后進(jìn)先出和*先出之間。

C is incorrect.Under the FIFO approach,the lower cost inventory purchased earlier is transferred to the income statement as cost of goods sold.The resulting cost of goods sold value is lower while inventory remains high.As a result,the inventory turnover ratio is low with a lower numerator and higher denominator.

C是不正確的。根據(jù)先進(jìn)先出法，較早購買的成本較低的存貨作為銷售商品成本轉(zhuǎn)入損益表。由此產(chǎn)生的商品銷售成本較低，而存貨仍然較高。因此，存貨周轉(zhuǎn)率較低，分子較低，分母較高。

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