What Is LIFO and How Can It Be Used?
ShipBob
NOVEMBER 26, 2021
Imagine this scenario: Jordan operates an online furniture company that holds luxury furniture inventory in a large warehouse. Recently, Jordan purchased 20 sofas at $1500 each and six months later, another 20 of the same sofa at $1700. . When Jordan opened the business, he decided that LIFO made the most sense.
Let's personalize your content