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Suitefoundation Exam Study Guide All Answers Correct
Suitefoundation Exam Study Guide All Answers Correct 
First-In, First-Out (FIFO) The first goods purchased are assumed to be the first goods sold so that the 
ending inventory consists of the most recently purchased goods. This method is useful to track different 
shipments of similar products. 
Last-In, First-Out (LIFO) The last goods purchased are assumed to be the first goods sold so that the 
ending inventory consists of the first goods purchased. (not available in the NetSuite Australi...