... inventories would coincide with the peaks and troughs of total output, Abramovitz finds that manufacturing inventories lag from six to twelve months at cyclical turning points. This lag is consistent with the cyclical behaviour of ...
... discusses the tax aspects of inventories with particular emphasis on the last-in, first-out (LIFO) method. The use of inventories for tax purposes is generally required whenever the sale of merchandise is an income-producing factor.
... INVENTORIES CAN BE CALCULATED QUARTERLY ON A LIFO BASIS FIFO Item 1st 2nd 3rd 4th quarter quarter quarter quarter Inventory at start of period ... Purchases ... 1,000 1,030 1,100 1,250 830 1,420 1,660 1,240 End of quarter inventories ...
... ................................ 160 163 8.4 Treatment of government and military inventories .......................................................................................... 164 Government as producers .....
... Inventories End - of - month inventories are identical in definition to the end - of - year inventories in the annual survey of manufactures . In the annual survey of manufactures , respondents are asked to report inventories of ...