Chapter 2.2 – FIFO Costing Method

by | Oct 3, 2023 | AutoCount Stock Training Note

Chapter 2 – Understand the Costing Method Chapter 2.2 – FIFO Costing Method first in, first out (FIFO) – first goods purchased are also the first goods sold. Most companies use the FIFO method to value their inventory: a. Closely matches the actual flow of...