FIFO
answer me the following question Material-Costing Quantitative tools of Inventory Management?
Inventory costing methods place primary emphasis on assumptions about flow of costs.
A company may use more than one costing method concurrently.
The inventory costing method that reflects the cost flow in the reverse order and will report the earliest costs in ending inventory is last in first out. This makes use of a perpetual inventory system.
accuracy
answer me the following question Material-Costing Quantitative tools of Inventory Management?
Inventory costing methods place primary emphasis on assumptions about flow of costs.
A company may use more than one costing method concurrently.
The inventory costing method that reflects the cost flow in the reverse order and will report the earliest costs in ending inventory is last in first out. This makes use of a perpetual inventory system.
The selection of an inventory costing method has no significant impact on the financial statements. true or false
accuracy
There are several costing items that has change in the adoption of IFRS, for in GAAP the stock valuation or material pricing adopted is LIFO and FIFO but in IFRS only FIFO is adopted etc
What is the purpose of this website...
LIFO - Last In First Out
LIFO - Last In First Out
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costs