LIFO
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Inventory method UFO :-)
Sorry for this series of totally irrelevant posts, by now you must be thinking that I am either out of ideas, or totally uninterested about the future of this…
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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…