Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Jeff is a writer, founder, and small business expert that focuses on educating founders on the ins and outs of running their business. From answering your legal questions to providing the right ...

FIFO (First In, First Out), LIFO (Last In, Last Out) and JIT (Just In Time) are three basic inventory methods that companies can use. It is helpful to first understand the advantages of the FIFO ...

FIFO values the cost of goods sold based on the oldest inventory first. The method results in ending inventory being valued at the most recently purchased items. FIFO is commonly used to track the ...

Add Yahoo as a preferred source to see more of our stories on Google. FIFO stands for "first in, first out" and is used both commercially and domestically to manage inventory efficiently by ensuring ...

Calculating your business inventory is an essential part of your asset reporting. You can use several methods to determine the value of your inventory depending on the most beneficial and accurate ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...

Fleetio, a fleet maintenance software, has added new inventory valuation methods to its list of offerings, LIFO and FIFO (Last-In First-Out and First-In First-Out). LIFO-FIFO is an accounting method ...