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Bookkeeping

Understanding the LIFO Method: Last-In, First-Out Inventory Accounting Explained

It’s a method of inventory accounting that many businesses use to manage their inventory finances. LIFO assumes, when calculating cost of goods sold (COGS),...

3 2 LIFO methods

Since 2016, Qoblex has been the trusted online platform for small and medium-sized enterprises (SMEs), offering tailored solutions to simplify the operational challenges of...