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  • Chapter No 08: Inventory Methods

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    Inventory management methods include FIFO where the oldest inventory items are sold first, LIFO where the newest items are sold first, and the weighted average method which calculates the average cost of an item based on the costs of inventory received over time.

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    Inventory management methods include FIFO where the oldest inventory items are sold first, LIFO where the newest items are sold first, and the weighted average method which calculates the average cost of an item based on the costs of inventory received over time.

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    13 views2 pages

    Chapter No 08: Inventory Methods

    Uploaded by

    salwaburiro
    Inventory management methods include FIFO where the oldest inventory items are sold first, LIFO where the newest items are sold first, and the weighted average method which calculates the average cost of an item based on the costs of inventory received over time.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
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    CHAPTER NO 08

    INVENTORY METHODS
    INVENTORY MANAGEMENT METHODS

    • FIFO (FIRST IN FIRST OUT)

    • LIFO ( LAST IN FIRST OUT)

    • WEIGHTED AVERAGE METHOD

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