8 Inventory Costing Methods That You Might Not Know About
EMERGE App
OCTOBER 25, 2018
FIFO is popular and is widely accepted because it follows common sense in running a business: that you want to sell your oldest inventory first. Also, recent costs are reported in the ending inventory on the balance sheet. Other Uncommon Inventory Valuation Methods. Last In, First Out (LIFO). Total Sales 1,300 units.
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