Ending inventory is what remains in your stockroom at the end of an accounting period. This number is generating by adding beginning inventory and purchases, then subtracting sold inventory. Most ...

FIFO (first in, first out) is the most common method of accounting for inventory. It assumes that the first items in were the first items sold. When inventory is used to create products, there is ...

Wondering about FIFO vs LIFO? Learn about the two inventory valuation methods and which one is best for you. Many, or all, of the products featured on this page are from our advertising partners who ...