Whether your inventory is Manolo Blahnik shoes or Maytag dishwasher parts, you need to keep an accurate count. Without reliable inventory figures, you don't know how much fresh stock you need or ...

Learn what inventory accounting is, how it works, and key methods like FIFO, LIFO, and WAC. Includes real-world examples, tips, and best practices. I like to think of inventory accounting like ...

Inventory can consist of merchandise you prepare for retail sale or products you create from raw materials and labor. In either case, you don't expect to sell all your inventory in a single ...

Inventory management is the process of tracking where your products are at all times and when to order more. These techniques can improve your inventory management process, independent of software.

Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Erika Rasure is globally-recognized as a ...

Anna Baluch is a freelance writer from Cleveland, Ohio. She enjoys writing about a variety of health and personal finance topics. When she's away from her laptop, she can be found working out, trying ...

To determine the value of ending inventory and, ultimately, margins, many retailers have stuck with an accounting practice known as the retail inventory method — in some cases for more than 100 years ...