Houston Chronicle

Inventory Costing Methods Accounting Under a Perpetual Inventory System

Determining the cost or valuation of inventory held in a company is an important management task. Inventory often represents a large portion of total assets on the balance sheet and the method used to ...
Houston Chronicle

Gross Profit & Retail Inventory Methods in Accounting

Businesses that sell goods need to implement effective inventory control to keep track of assets. Businesses use two primary methods to calculate the ending inventory value: the gross profit or the ...

Calculate Cost of Goods Sold: FIFO Method Explained

Discover how the FIFO method simplifies COGS calculations, using examples and comparisons to enhance your financial ...
TechRepublic

Inventory Accounting: Methods & How It Works

Learn what inventory accounting is, how it works, and key methods like FIFO, LIFO, and WAC. Includes real-world examples, tips, and best practices. I like to think of inventory accounting like ...
Retail Dive

The retail inventory method vs. cost accounting in the tariff era

To determine the value of ending inventory and, ultimately, margins, many retailers have stuck with an accounting practice known as the retail inventory method — in some cases for more than 100 years ...
NerdWallet

What Is Retail Accounting? A Guide to the Retail Method of Accounting

Retail businesses have unique accounting challenges. Here's a guide that will get you through the basics. Many, or all, of the products featured on this page are from our advertising partners who ...
Accounting Today

A refined approach to inventory valuation

Limited guidance from the IRS and accounting standard-setting bodies has led to a divergence in interpretation and practice for inventory valuation within the scope of business combinations.

Specific Identification Inventory Method: Track Each Item's Value

Learn how the specific identification method lets you track individual inventory costs and improve sales insights. Ideal for ...
Fleet Owner

Fleetio adds new options to inventory management software

Fleet maintenance software Fleetio has added new inventory valuation methods to its offerings: LIFO / FIFO (last-in first-out, first-in first-out). LIFO / FIFO is an accounting method for customers to ...
NerdWallet

FIFO vs. LIFO: How to Pick an Inventory Valuation Method

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 ...
Hosted on MSN

FIFO vs. LIFO Inventory Valuation

For many companies, inventory represents a large, if not the largest, portion of their assets. As a result, inventory is a critical component of the balance sheet. Inventory can be valued using a few ...