Fifo calculator & Lifo calculator
The process is similar to FIFO but deducts from the most recent purchases first. During inflation, FIFO can mean a https://carverdentallab.dev.tqnia.me/2022/02/25/accounting-equation-in-depth-explanation-with-2/ higher tax bill as it shows higher profits because you are selling older stock purchased at a lower cost. Also, LIFO is more complex to account for and can impact financial accuracy and record […]
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