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Purchased cement manufacturing equipment cement ciln 150000 paid by cheque on 50 solution tally entery

Apr 15, 2021

This means the goods purchased first are consumed first in a manufacturing concern and in case of a merchandising firm are sold first. Accordingly, under FIFO method, goods purchased recently form a part of the closing inventory. The benefit of using FIFO method is that the ending inventory is represented at the most recent cost

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