inventory accounting

1. Accounting that controls and evaluates inventory (synset 100620978)
   is a type of: accountancy, accounting - the occupation of maintaining and auditing records and preparing financial reports for a business
   subtypes:

   • fifo, first in first out - inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold
   • last in first out, lifo - inventory accounting in which the most recently acquired items are assumed to be the first sold

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