This no-brainer technique will help you stay organized and save money. Learn how to use it in your everyday life with these tips. FIFO stands for "first in, first out" and is used both commercially ...

Determining the value of inventory is an important part of accounting. In order to calculate the profit on a sale, a cost must be assigned to the item sold. A business that is selling large amounts of ...

When running a small business, coming up with a value for your ending inventory on hand is essential for tax purposes. The process of determining how much your ending inventory is worth can vary, ...

When you redeem your mutual funds after holding them for a period longer than 12 months, long-term capital gains (LTCG) tax is payable on them. When the redemption takes place in less than 12 months, ...