Unraveling the Mystery: Is LIFO a Perpetual Inventory Method?

In the realm of inventory management, various methods are employed to track and value inventory. Two popular methods are the perpetual inventory system and the periodic inventory system. Within these systems, different valuation methods are used, such as First-In, First-Out (FIFO) and Last-In, First-Out (LIFO). In this article, we will delve into the world of … Read more