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Post by account_disabled on Mar 9, 2024 5:14:53 GMT
If we talk about the use of this method, it is most often necessary when working with goods that are difficult to transport or are fragile and should not be disturbed again. This will reduce the chance of breaking or damaging something. Also, LIFO is chosen when selling goods with an unlimited shelf life. By type of electronics, clothes, etc. So let's go back to the example we talked USA Phone Number List about in the FIFO method. We model the situation by analogy with the one presented above, where dairy products are delivered to your warehouse. The first receipt document dated under number . The second receipt document dated under number . Next, we form a sales document - a bill of lading for three units of milk. That is, the situation is exactly the same as it was presented in the previous example. The same number of goods are sold and the same number of units of milk are sold, but at the same time the batch accounting method has been changed - now LIFO. the product balance to assess where the goods were written off. Given that this method consists in writing off first of all those goods that were sold last.
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