We are currently using Standard on our old system, but we change the standard price to the "new" price everytime we purchase more product. Mistakes are made because sometimes we change the standard to an incorrect cost. Seems like the way we use the Standard method is the same as the...
We are currently converting to Macola. We sell nutritional supplements and will utilyze Macola's lot tracking capabilities. We have been advised by one Macola consultant that the Last Inventory Method is preferable to the FIFO method. I have never heard of the Last Inventory Cost Method until...
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