Select Page

FIFO Calculator for Inventory

This can happen when product costs rise and those later numbers are used in the cost of goods calculation, instead of the actual costs. Using the FIFO method, the cost of goods sold (COGS) of the oldest inventory is used to determine the value of ending inventory,...

FIFO Calculator for Inventory

This can happen when product costs rise and those later numbers are used in the cost of goods calculation, instead of the actual costs. Using the FIFO method, the cost of goods sold (COGS) of the oldest inventory is used to determine the value of ending inventory,...