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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
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Weighted Average cost of inventory
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aarora
Level 3
06-13-2021
03:06 PM
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I am filing the first 1120 for a newly formed C corp.How do I opt for using weighted average or FIFO as the inventory costing method? I know for LIFO we have a submit a form 970 with the first 1120 return. I could not find a similar form for Weighted average or FIFO?
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