When running a small business, coming up with a value for your ending inventory on hand is essential for tax purposes. The process of determining how much your ending inventory is worth can vary, ...

Since the price of products continually changes due to inflation and consumer demand, valuing current inventory can be challenging. FIFO, or first in, first out, is an accounting method used to ...

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 ...