You also assume constant prices, price changes and price change rates across all units of the same item ... cost you 7 cents each. Following the FIFO method, you’ll take 30 and multiply it by 0.05 and ...

If you want the real, unfiltered truth about your financial health and the actual profits, there’s something far more important you need to know: the cost of goods sold (COGS). This lesser-known but ...