Your guide to a career in financeTM
Your guide to a career in financeTM |
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Quick Links: Learn MS Excel for Financial Services 2008 M&A Deals You Should Know People in Finance You Should Know
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FIFO Inventory ValuationFIFO, or First In First Out inventory valuation, bases cost of goods sold on the first inventory bought and values inventory based on newer inventory. In rising prices, FIFO results in a higher inventory valuation and lower cost of goods sold. The lower cost of goods sold results in higher net income. Click here to view a FIFO diagram
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