1 Chess is generally reckoned to be primarily a tactical game, whereas Go has more of a balance of strategy and tactics.  Initiative - In both games having the initiative can give one control of the course of the game (for a while, at least).
1 Income effect-Inventory and cost of goods sold are interdependent. 2  As a result, if LIFO method is used in a rising-price and increasing-inventory environment, more of the higher-cost goods (last ones in) will be accounted for in COGS as opposed to FIFO.IFO will use the cost of the old stock to determine the COGS, making the profitability ratio less reflective of the current economic reality. As a general rule, in a rising-price and stable-or increasing-inventory environment,using profitability measures based on LIFO is better.
Ad. 2. Determine the amount of average inventory for the period. You can find this amount on the balance sheet. 1  Add the beginning inventory (or inventory at the beginning of a given period, usually 1 year) to the ending inventory (or inventory at the end of a given period). Add the beginning inventory (or inventory at the beginning of a given period, usually 1 year) to the ending inventory (or inventory at the end of a given period). 2  Assume you have a beginning inventory of 275,000 and ending inventory of 350,000.