NO.PZ201602060100000308
问题如下：
The Industry and Business Risk excerpt states that, "Increased competition may lead to lower unit sales and excess production capacity and excess inventory. This may result in a further downward price pressure." The downward price pressure could lead to inventory that is valued above current market prices or net realisable value. Any write-downs of inventory are least likely to have a significant effect on the inventory valued using:
选项：
A. weighted average cost.
B. first-in, first-out (FIFO).
C. last-in, first-out (LIFO).
解释：
B is correct.
If prices have been decreasing, write-downs under FIFO are least likely to have a significant effect because the inventory is valued at closer to the new, lower prices. Typically, inventories valued using LIFO are less likely to incur inventory write-downs than inventories valued using weighted average cost or FIFO. Under LIFO, the oldest costs are reflected in the inventory carrying value on the balance sheet. Given increasing inventory costs, the inventory carrying values under the LIFO method are already conservatively presented at the oldest and lowest costs. Thus, it is far less likely that inventory write-downs will occur under LIFO; and if a write-down does occur, it is likely to be of a lesser magnitude.
竞争增加只能说明销售侧压力更大，未来销售价格下降，会导致当前会计成本大于NRV，从而发生减值。但这个并不能说明存货的成本是上升趋势啊，销售侧价格下降和成本下降应该有区别啊！