Accounting for your small-business inventory seems like a straightforward matter, but actually you can value it many different ways. The method you choose can affect your taxes, the sale of your ...

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 ...

For example, the seafood company—from the earlier example—would use their oldest inventory first (or first in) when selling and shipping their products. Because the seafood company would never leave ...