Answers are grounded in this paper and cite their sources.
Patricia J. Hughes, Eduardo S. Schwartz, The LIFO/FIFO Choice: An Asymmetric Information Approach, Journal of Accounting Research, Vol. 26, Studies on Management's Ability and Incentives to Affect the Timing and Magnitude of Accounting Accruals (1988), pp. 41-58
No takes yet. Share an insight, caveat, or question.
Hughes et al. (1988) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: