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8 Inventory Costing Methods That You Might Not Know About

EMERGE App

Inventory costing or valuation is an accounting concept that has a direct impact on your gross profit and thus taxable income. Methods of valuing inventory are simply different cost-flow assumptions about how to allocate your cost of goods available for sale. We’ll start by explaining why inventory costing is important.

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Coffee Shipping 101: Costs, Challenges, & How-to Ship

ShipBob

This change in the global landscape provided coffee lovers the opportunity to make purchases online whereas they may not have done so in the past. These services allow coffee shipping businesses to better forecast how much inventory is needed all the while, increasing the lifetime value of their customer.