To summarize the determinants of LIFO inventory accounting choice, the major potential variables which
have been extensively studied are listed. Univariate and multivariate analysis is used to test their significance on
the LIFO choice. Due to the limit of the current research, common ground has not been reached for all of the
analyzed variables and some variables only occur in the analysis of one specific paper, so we don’t put all the
possible variables but those which are usually used and largely agreed upon in the current research. Authors and
measurement are also included into the table for the convenience of reference and comparison with further research.