This no-brainer technique will help you stay organized and save money. Learn how to use it in your everyday life with these tips. If your household could benefit from a little more structure, the FIFO ...

Discover how the retail inventory method simplifies store inventory valuation with easy calculations, cost-to-retail ratios, ...

Inventory is an asset. Figuring its value is important when you're running financial metrics, just like knowing the value of your factory or the expense of administrative overhead. The gross profit ...

Home Depot, Inc. announced a key change in accounting principals in its third quarter filing with the SEC. After adopting a new enterprise resource planning system, otherwise known in the ...

Two methods are commonly employed to value inventory -- variable costing and absorption costing. The difference between the two is in their treatment of operational overhead. Variable costing only ...