[...] method of accounting for inventory, matches sales against the costs of items of inventory in the order in which they were placed in inventory.
Answer
FIFO method
If you want to change selection, open document below and click on "Move attachment"
4.1. General Principles
In general, a company recognizes expenses in the period that it consumes (i.e., uses up) the economic benefits associated with the expenditure, or loses some previously recognized economic benefit.28
A
Summary
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
memorised on
scheduled repetition
scheduled repetition interval
last repetition or drill
Details
No repetitions
Discussion
Do you want to join discussion? Click here to log in or create user.