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March 18, 2026The Accounting Review

Application of Statistical Sampling Techniques to Lifo Inventory Valuation.

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Authors

BRBarry M. Rowles

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Overview

Statistical methods estimate accurate LIFO inventory valuations, indicating cost evaluation improvements.

Key Points

  • This research aims to enhance the accuracy of LIFO inventory valuations using statistical sampling methods.
  • Employ statistical sampling techniques to estimate current physical inventory values.
  • Analyze inventory valuation based on base year costs for consistent reporting.
  • Evaluate existing cost index methods against sampling techniques for accuracy and expense.
  • Statistical sampling provides more accurate estimates than traditional methods.
  • Findings suggest significant savings in costs associated with inventory valuation processes.
  • Emphasizes the need for accuracy in LIFO accounting practices to avoid financial discrepancies.

Cite This Study

Barry M. Rowles (1954) studied this question.

synapsesocial.com/papers/69ba42fb4e9516ffd37a3d0dhttps://doi.org/10.2308/tar-7093472
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1THE MANAGERIAL USE OF DATA OBTAINABLE IN CONJUNCTION WITH LIFO.1956
  2. 2A Note on Estimating the Economic Impact of the LIFO Method of Inventory Valuation.1976
  3. 3The Effects of LIFO Inventory Costing on Resource Allocation: A Public Policy Perspective.1979
  4. 4Balance Sheet Impact of Using LIFO: An Empirical Study.1987
  5. 5The Effects of LIFO Inventory Costing on Resource Allocation: A Comment.1981