Reviewing a FIFO and LIFO example will help you better understand these two concepts, explains accounting software maker FreshBooks. FIFO often is the more logical approach for inventory ...

Also, LIFO is not realistic for many companies because they would not leave their older inventory sitting idle in stock while using the most recently acquired inventory. For example, a company ...

She is a FINRA Series 7, 63, and 66 license holder. Investopedia / Candra Huff A LIFO liquidation is when a company sells the most recently acquired inventory first. It occurs when a company that ...