FIFO vs. LIFO: How to Pick an Inventory Valuation Method

by | Apr 4, 2022

FIFO and LIFO are the two most common inventory valuation methods. FIFO stands for “first in, first out” and assumes the first items entered into your inventory are the first ones you sell. This Nerdwallet article will help spell out the details you need to know about everything FIFO & LIFO.