First-In, First-Out Inventory (FIFO Inventory) – Accounting In Focus
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accountinginfocus.com
First-In, First-Out Inventory (FIFO Inventory) – Accounting In Focus
The First-In, First-Out method (the FIFO method), is determining the cost of a sale, the company uses the cost of the oldest (first-in) units in inventory.
Jul 29, 2014
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