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Chapter No 08: Inventory Methods

Inventory management methods include FIFO where the oldest inventory items are sold first, LIFO where the newest items are sold first, and the weighted average method which calculates the average cost of an item based on the costs of inventory received over time.

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46 views2 pages

Chapter No 08: Inventory Methods

Inventory management methods include FIFO where the oldest inventory items are sold first, LIFO where the newest items are sold first, and the weighted average method which calculates the average cost of an item based on the costs of inventory received over time.

Uploaded by

salwaburiro
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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CHAPTER NO 08

INVENTORY METHODS
INVENTORY MANAGEMENT METHODS

• FIFO (FIRST IN FIRST OUT)

• LIFO ( LAST IN FIRST OUT)

• WEIGHTED AVERAGE METHOD

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