Flowchart
Inventory valuation methods
Flowchart content
FIFO
First in first out
LIFO
Last in first out
Weighted average
Items which are purchased first are sold first.
Total cost of goods divided by the number of units on hand
Items bought last are sold first
Inventory valuation methods
Information
- Description
- FAC 1501 (Unit 7: Inventory) Flowchart on Inventory valuation methods, created by Justin Le Roux on 09/10/2017.
- Created by
- Justin Le Roux
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