Inventory Cost Flow Assumptions: Definition and Example

Efex

May 4 2022 • 2 mins

Inventory refers to all of the final materials or items utilized in manufacturing that a firm owns. Once sold, these things are expensed as COGS (cost of goods sold) on the income statement, an essential indicator used to analyze profits and assess how effectively a firm manages labor and materials in the manufacturing process.  Businesses …. View detail https://blog.efex.asia/inventory-cost-flow-assumptions/