What is an example of LIFO?

23 Views

What is an example of LIFO?

lekhraj.kushwaha 1st Dec, 2022

Answer

Answer Later

Report

Answer (1)

lekhraj.kushwaha 1st Dec, 2022

Assume that business A has 10 widgets. The initial batch of five widgets, which cost $100 each, arrived two days ago. The final five widgets, which cost $200 each, just arrived. The last widgets are the first ones out when using the LIFO method of inventory management.

Like Share

Related Questions

What is an example of coaching?

11 Views

LIFO in a stack: What is it?

5 Views

What is an example of LDAP authentication?

3 Views

What is an example of smart infrastructure?

20 Views

What is an example of noise pollution?

5 Views

Applications for Admissions are open.

MAHE Manipal M.Tech 2025

Apply

NAAC A++ Accredited | Accorded institution of Eminence by Govt. of India | NIRF Rank #4

Amity University, Noida Law A...

Apply

700+ Campus placements at top national and global law firms, corporates, and judiciaries

Amity University, Noida BBA A...

Apply

Ranked amongst top 3% universities globally (QS Rankings)

Chandigarh University Admissi...

Apply

Ranked #1 Among all Private Indian Universities in QS Asia Rankings 2025 | Scholarships worth 210 CR

Amity University | M.Tech Adm...

Apply

Ranked amongst top 3% universities globally (QS Rankings).

Sanskriti University LLM Admi...

Apply

Best innovation and research-driven university of Uttar Pradesh

View All Application Forms

Trending Articles/News

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students

30,000+ Colleges

500+ Exams

1500+ E-books