First-In, First-Out Inventory (FIFO Inventory) – Accounting In Focus
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accountinginfocus.com
First-In, First-Out Inventory (FIFO Inventory) – Accounting In Focus
The First-In, First-Out method (the FIFO method), is determining the cost of a sale, the company uses the cost of the oldest (first-in) units in inventory.
Jul 29, 2014
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FIFO Boilermakers earn big because the work is big. 12-hour shifts, heavy steel, shutdown deadlines, hot work permits, confined-space entries, welding QA checks, gouging, fabricating, and repairing plant that keeps a billion-dollar mine running. When you stack penalties nights, weekends, RDOs, shutdown rates, site allowances, hazard pay, travel, plus OT. That’s how a Boily hits $6,300 to $8,500 a week. It’s not ‘easy money’… it’s skill, precision, and pressure in every weld. 📸 gregoryfabricatio
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