What Is Inventory Bookkeeping and How to Do It
The average cost of lipstick would then be $13.89, so she, therefore, sold 15 lipsticks at $13.89, for a total of $208.35. This technique https://www.bookstime.com/articles/cloud-accounting provides businesses with an accurate depiction of the ending inventory and its value. Many companies will opt to use the FIFO costing method to offload their older stock first. As…