LIFO Inventory Valuation Method
Ship Monk
MAY 19, 2023
There are several different methods, or cost flow assumptions, that can be used to value your assets at the end of the year, as well as determine cost of goods sold (COGS) during the year. In previous blog posts, we discussed the FIFO method and Weighted Average method in detail. At the same time, the remaining inventory (a.k.a.
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