FIFO

First-In, First-Out (FIFO) Method in DEXEF

The FIFO method assumes that the oldest inventory items are sold first, reflecting the actual flow of goods in inventory.

Benefits of Using FIFO

• Accurate Cost Calculation
• Compliance with Accounting Standards
• Reduced Tax Implications
• Improved Financial Reporting

FIFO method ensures proper inventory valuation and financial transparency in DEXEF ERP.