Drowning in product? The best inventory management software can help you organize your inventory so you can maximize your revenue and never again lose a sale to an out-of-stock item.

Inventory is the term for merchandise or raw materials that a company has on hand.

How to calculate an inventory item using First In, First Out (FIFO) and Last In, First Out (LIFO)—and consider the results of each on the balance sheet.

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