Weareaccount

However, LIFO inventory management may not be the best choice for managing perishable goods or items with limited shelf life. Although it may provide income tax benefits by reducing profits, it’s not suitable for all situations. While FIFO and LIFO are both cost flow assumption methods, the LIFO method is the opposite https://www.bookstime.com/blog/airbnb-accounting-and-bookkeeping of the […]