Inventory Actual Item Costs
FIFO = FIRST IN FIRST OUT. BUT, if you have more than three purchases/returns with items still unsold, these can become averaged costs.
ACTUAL ITEM COSTS uses the purchases, and reduces them one purchase at a time until gone.
Only really makes a difference if doing lots of purchases.
ACTUAL ITEM COSTS uses the purchases, and reduces them one purchase at a time until gone.
Only really makes a difference if doing lots of purchases.