Last In First Out, also known as the LIFO inventory method, is one of five different ways to value inventory. LIFO assumes that the most recent items purchased (the newest items) are sold first. LIFO is best for businesses that sell non-perishable products that do not require refrigeration and generally have a longer shelf life.… The post What Is The LIFO Inventory Method & How Does It Work? appeared first on . from https://fitsmallbusiness.com/lifo-inventory-method/
0 Comments
Leave a Reply. |
AuthorHello I am Teri Crawford 26 years old living in Toronto, Canada. I have recently finished my MBA and planning to start my own business. Archives
November 2018
Categories |