Costing
-
Elementary costing 3: FIFO, LIFO, UFO…
Due to fluctuations in market prices, purchase cost of goods may vary from one purchase to another. Also, you rarely just purchase goods and immediately sell…
-
Elementary costing 2: Know your costs
When you buy a sheep, how much is it worth to you, what is its value? For starters, its value is at least what you paid for it, but that’s not quite it. Say…
-
Elementary costing 1: Sheep and bricks
Unless you are a non-profit, the point of the business is making money. It is surprising how many different ways of making money there are out there, but if…