The three most widely used methods for inventory valuation are: First-In, First-Out (FIFO), Last-In, First-Out (LIFO), and Weighted Average Cost| Deskera Blog
Cost of Goods Sold = (Beginning Inventory Value - Ending Inventory Value) + Total Inventory Purchases + Direct Costs. Learn with FIFO & LIFO examples| Deskera Blog
Bookkeeping is the systematic, daily recording of a business’s financial transactions.| Deskera Blog