Answer
It is possible to use a Last In First Out (LIFO) pool concept without using dollar-value LIFO.
Work Step by Step
For instance, the specific goods pooled approach uses the concept of a LIFO pool with quantities as its measurement basis.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 8 - Valuation of Inventories: A Cost-Basis Approach - Concepts for Analysis - Page 486: CA8-9b
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