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Witchoftheeast
Aug 31, 2007, 02:20 PM
I want to know is what is cost/FIFO for valuing inventory?:p
tickle
Aug 31, 2007, 02:38 PM
i dont agree with this method only because I come from the days when inventory was kept on cards, what was shipped was deducted and a tally was done at the end of the fiscal year to see what the profit had been. After that depreciation was put in place. Anyway, here is a website to visit:

retailindustry.about.com