How LIFO and FIFO accounting methods impact a company's inventory outlook Reviewed by Natalya Yashina All companies must determine how to record the movement of their inventory. The amount a ...

Indian jewellers are under scrutiny for potentially using the prohibited LIFO accounting method to underreport profits and ...

To help, Fleetio added new inventory valuation methods to its list of offerings on Tuesday — LIFO / FIFO (Last-In First-Out, First-In First-Out) — which is an accounting method that Fleetio ...

FIFO often is the more logical approach for inventory accounting, because businesses tend to sell older inventory items before newer ones. For example, if you own a grocery store that sells milk ...

This inventory management technique allows you to sell products without actually having to hold onto that inventory. This, in turn, reduces the odds that perishable inventory will go to waste.

In the previous example in which three widgets are sold and accounted for, with FIFO, the cost of goods sold is $2 for each of the three units, for a total of $6, versus $9 under LIFO.

Inventory turns for a SKU can be calculated by annualizing current COG (line J above / # of weeks of cost in data * 52) and then dividing that total by your on hand inventory (at cost).

Fleetio, a fleet maintenance software, has added new inventory valuation methods to its list of offerings, LIFO and FIFO (Last-In First-Out and First-In First-Out).

Fleet maintenance software Fleetio has added new inventory valuation methods to its offerings: LIFO / FIFO (last-in first-out, first-in first-out). LIFO / FIFO is an accounting method for ...

However, as Home Depot's sales in 2008 are off approximately 4% from 2007, going forward the 1.7% increase in total inventory could be a source of concern -- should sales continue to fall.