On the ecomdash dashboard, you will see a valuation of your inventory. The valuation is calculated by using the average cost X quantity on hand. As some companies use LIFO ( last unit entering inventory is the first unit sold) and FIFO (first item entering inventory is the first unit sold) to calculate the valuation of your inventory, ecomdash uses the average cost.
What accounting method is used to determine the inventory valuation? ( LIFO, FIFO, Average Cost)
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