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Posted On: 03/26/2022 1:11:22 PM
Post# of 85917
Cardamine
You're correct. I deleted my post because some of what I said was wrong.
I'll repost it again with the correct info.
Correct info:
What is FIFO vs LIFO?
The First-In, First-Out (FIFO) method assumes that the oldest unit of inventory is the sold first.
The Last-In, First-Out (LIFO) method assumes that the last unit to arrive in inventory or more recent is sold first.
You're correct. I deleted my post because some of what I said was wrong.
I'll repost it again with the correct info.
Correct info:
What is FIFO vs LIFO?
The First-In, First-Out (FIFO) method assumes that the oldest unit of inventory is the sold first.
The Last-In, First-Out (LIFO) method assumes that the last unit to arrive in inventory or more recent is sold first.
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