Cost Principles

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August 18, 2024 5 min read Dictionary
Next In, First Out (NIFO)
Accounting Inventory Management NIFO Inventory Valuation Accounting Principles Cost Principles Replacement Cost
Next In, First Out (NIFO) is a quirky method of inventory valuation where the latest replacement costs shuffle into the spotlight instead of the original costs standing center stage.
Read more about Next In, First Out (NIFO).

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