Costco Gets a Boost as Impact of Last-In, First-Out Accounting Fades

·6 min read
Costco Gets a Boost as Impact of Last-In, First-Out Accounting Fades

With inflation stuck at high levels, some U.S. companies’ use of an accounting method that lowers their federal tax bill has increased costs and hit earnings. But for retail giant Costco, it is a different story.