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FIFO
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ACC 100
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Method vs LIFO Method
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ACC
110
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6
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Inventory Using FIFO
ACC
100
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Ending Inventory
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Ending Inventory Using FIFO
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Cost
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9:35
accountinginfocus.com
First-In, First-Out Inventory (FIFO Inventory) – Accounting In Focus
The First-In, First-Out method (the FIFO method), is determining the cost of a sale, the company uses the cost of the oldest (first-in) units in inventory.
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