Acquiring a large collection of allen wrenches because of all the Target and IKEA furniture you own. PGP. Peter_Olinto 0 25 « Older Wall PostNewer Wall Post » Nice Work25 Respond Email this to a friend Hey, I saw this on Post Grad Problems. Check it out. Peter_Olinto Not the real Peter Olinto. Accounting for LIFO, even though LIFO is not permitted under IFRS.