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  • Inventory Management Methods - FIFO, LIFO, FEFO, LOFO, HIFO

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    mohammad touffique
    216 views6 pages

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    Inventory Management Methods -FIFO, LIFO, FEFO, LOFO, HIFO

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    216 views6 pages

    Inventory Management Methods - FIFO, LIFO, FEFO, LOFO, HIFO

    Uploaded by

    mohammad touffique

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 6

    Which of the Inventory

    Management method is best?

    FIFO
    LIFO
    FEFO
    LOFO
    HIFO
    FIFO - First In First Out

    3
    4
    2 4
    3
    2 1
    1

    1
    LIFO - Last In First Out

    3
    4
    2 4
    3
    2 1
    1

    4
    FEFO - First Expired First Out
    LOFO - Lowest Cost First Out
    Numbers shown are in terms of rupees

    80
    75
    75 90
    70

    90 70
    80

    70
    HIFO - Highest In First Out
    Numbers shown are in terms of rupees

    80
    75
    75 90
    70

    90 70
    80

    90

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