How to manage inventory: FIFO, LIFO, AVCO | Small Business Guides | Xero

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Added 4 years ago by tomm

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Learning how to manage inventory is an important part of running a business. Managing inventory (also known as stock) properly includes choosing an inventory valuation method; this video gives an overview of the first-in-first-out (FIFO), last-in-first-out (LIFO), and average cost (AVCO) methods. You’ll also learn the difference between periodic and perpetual inventory management systems. Ready to get started with managing inventory? Start here!

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