Tag Archives: LIFO method

How could the different inventory costing methods used by CVS, Walmart, and Walgreens impact their respective income statements and balance sheets?

Three pharmacy giants, CVS Health, Walmart, and Walgreens Boots Alliance each use a different inventory costing method. CVS uses weighted-average cost, Walmart uses FIFO, and Walgreens uses LIFO. Here is a hypothetical example that highlights the potential differences in income statements and balance sheets that could arise simply because of the use of a different […]

Continue reading