LIFO

What is FIFO and LIFO?
What is FIFO and LIFO?

FIFO and LIFO are inventory evaluation methods. FIFO (First in First Out) is meant to use stock based on first unit being sold first, whereas LIFO (Last in First Out) assumes the opposite. Let’s explore these two inventory evaluation methods in detail and see how we can create FIFO and LIFO related reports, diagrams and presentations […]

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