If inventory goods are perishable, then FIFO is the best method because older goods need to be sold before newer goods.
Some companies use LIFO because this strategy means less taxable income (assuming that prices are increasing).
Regardless, whatever strategy a business uses for statements it must also use that strategy for income tax preparation.
fifo
ya mam
Lifo Fifo
fifo
fifo
fifo
FIFO motherfoocker
Yes, Toyota uses FIFO. FIFO stands for first in, first out, this means that things put in first can be taken out and used first when building a car. Toyota is not the only company to use FIFO.
fifo
A FIFO, or First In First Out is a queue.A stack is a LIFO or Last In First Out.
ya mam
Lifo Fifo
What is FIFO mean?
FIFO
fifo
Fifo is a acronym word and it stands for fly in, fly out.
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