Tax reform efforts have been fast and furious in recent months, and with both the House of Representatives and the Senate having gone through their.

The FIFO method is the first in, first out way of dealing with and assigning value to inventory. Learn how it works and if it's right for your business.

The main difference among weighted average, FIFO, and LIFO accounting is how each calculates inventory and cost of goods sold. Each system is appropriate for different situations.