FIFO Vs LIFO – Which Is The Best Inventory Valuation Method?
Inventories are the largest current asset of any business. Businesses are often confused about FIFO Vs LIFO. Ideally, there are two inventory valuation methods or accounting methods: LIFO (Last-in, first-out) and FIFO (First-in, first-out), or for this blog; FIFO vs LIFO. These are the two most used inventory methods for record-keeping that are feasible by…