Yeah, an inventory is an actual physical count of items. Assigning value to that inventory can be done by the FIFO, LIFO, or average cost methods, subject to the possibility of write-downs as Ray...
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Yeah, an inventory is an actual physical count of...
Yeah, an inventory is an actual physical count of items. Assigning value to that inventory can be done by the FIFO, LIFO, or average cost methods, subject to the possibility of write-downs as Ray...
Your inventory valuation should be based on the...
Your inventory valuation should be based on the cost to acquire the merchandise (including shipping). When you sell an item from your inventory, you should be keeping track of the inventory cost of...