Inventory methods such as FIFO and LIFO deal more with flow of costs than with flow of goods.

Name: Inventory methods such as FIFO and LIFO deal more with flow of costs than with flow of goods.
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FIFO (First-In, First-Out) and LIFO (Last-In, First-Out) are accounting methods that determine the cost of goods sold and ending inventory by focusing on the cost flow assumptions rather than the physical flow of goods.

Inventory Methods Such as FIFO and LIFO Deal More with Flow