lavander9303
lavander9303 lavander9303
  • 16-01-2019
  • Business
contestada

anybody know how to do FIFO / LIFO Accountancy stuff?

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briahall
briahall briahall
  • 20-07-2021

Answer:FIFO (“First-In, First-Out”) assumes that the oldest products in a company's inventory have been sold first and goes by those production costs. The LIFO (“Last-In, First-Out”) method assumes that the most recent products in a company's inventory have been sold first and uses those costs instead.

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