The formula for calculating inventory is: There are different inventory accounting methods, including first in, first out (FIFO) and last in, first out (LIFO). Companies often try to match the ...
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FIFO vs. LIFO Inventory ValuationFIFO is the most logical choice since companies ... valued so that the company as a whole can be accurately valued. The formula for calculating inventory is: BI+ Net Purchases −COGS=EIwhere ...
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