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  2. FIFO and LIFO accounting - Wikipedia

    en.wikipedia.org/wiki/FIFO_and_LIFO_accounting

    FIFO and LIFO accounting are methods used in managing inventory and financial matters involving the amount of money a company has to have tied up within inventory of produced goods, raw materials, parts, components, or feedstocks. They are used to manage assumptions of costs related to inventory, stock repurchases (if purchased at different ...

  3. Inventory valuation - Wikipedia

    en.wikipedia.org/wiki/Inventory_valuation

    These methods produce different results because their flow of costs are based upon different assumptions. The FIFO method bases its cost flow on the chronological order in which purchases are made, while the LIFO method bases its cost flow on a reverse chronological order. The average cost method produces a cost flow based on a weighted average ...

  4. Inventory - Wikipedia

    en.wikipedia.org/wiki/Inventory

    Using LIFO accounting for inventory, a company generally reports lower net income and lower book value, due to the effects of inflation. This generally results in lower taxation. Due to LIFO's potential to skew inventory value, UK GAAP and IAS have effectively banned LIFO inventory accounting.

  5. Cost of goods sold - Wikipedia

    en.wikipedia.org/wiki/Cost_of_goods_sold

    Cost of goods sold (COGS) is the carrying value of goods sold during a particular period.. Costs are associated with particular goods using one of the several formulas, including specific identification, first-in first-out (FIFO), or average cost.

  6. FIFO - Wikipedia

    en.wikipedia.org/wiki/FIFO

    FIFO in stock rotation, particularly to avoid food spoilage; FIFO (computing and electronics), a method of queuing or memory management Queue (abstract data type), data abstraction of the queuing concept; FIFO and LIFO accounting, methods used in managing inventory and financial matters

  7. Fantasy football Start 'Em, Sit 'Em: Players to start or sit ...

    www.aol.com/fantasy-football-start-em-sit...

    SIT: Jordan Addison, Minnesota Vikings (vs. Arizona Cardinals) Addison was the No. 1 wide receiver in all of fantasy football last week against the Bears. This week, he faces a much more difficult ...

  8. IAS 2 - Wikipedia

    en.wikipedia.org/wiki/IAS_2

    IAS 2 also requires the use of the First-in, First-out (FIFO) principle whereby those items which have been in stock the longest are considered to be the items that are being used first, ensuring that those items which are held in inventory at the reporting date are valued at the most recent price. As an alternative, costs of inventories may be ...

  9. Kent State with loss to Buffalo could complete the worst ...

    www.aol.com/kent-state-loss-buffalo-could...

    Editor's note: Kent State lost to Buffalo 43-7 on Tuesday night to finish the season 0-12. Running back Jaylen Thomas’ 23-yard touchdown run with 2:28 left in the third quarter put the finishing ...

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