At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Our Q&A platform offers a seamless experience for finding reliable answers from experts in various disciplines. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.
Sagot :
The last station responsible for handling the after-sales processes goes out correctly is First Out.
What is FIFO?
First In, First Out (FIFO) is a system of asset management and valuation in which assets created or acquired first are sold, used, or disposed of first.
For tax purposes, FIFO assumes that the assets with the oldest expenses are included in the cost of goods sold on the income statement (COGS). The remaining inventory assets are matched with the most recently purchased or manufactured assets.
To learn more about FIFO visit:
https://brainly.com/question/6352710
#SPJ4
Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.