Tag Archives for " ending inventory "

Last-In, First-Out (LIFO) Inventory Calculations

Last-in, first-out (LIFO) is an inventory method popular with companies that experience frequent increases in the cost of their product. LIFO is used primarily by oil companies and supermarkets, because

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Weighted Average Inventory Method Calculations (Periodic & Perpetual)

Weighted Average Inventory Method? Most people know how to do a simple average, but have trouble with Weighted Average Inventory Method (or WAC). Weighted averages are all around us, although you may not

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