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Intuit Biz e-filing closure on December 21 at 6:00PM PST. Select your product for more Hot topics. Lacerte | ProConnect | ProSeries
Intuit Biz e-filing closure on December 21 at 6:00PM PST. Select your product for more Hot topics. 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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