In my previous post, I discussed how toDetermine the Size of Your FiFo Lane – The FiFo Formula. My preferred method is still an expert estimate. However, if you are interested in the math, here is a small JavaScript calculator that estimates a FiFo size for two processes.For instructions ...
This is where equivalent units are different than the normal formula, but only for beginning inventory. Under the FIFO method, we assume beginning inventory is finished first, before anything else is started. Last month (January) all of the direct materials were added and accounted for, so this...
https://tech.dir.groups.yahoo.com/group/FMwithExcel/message/20 There is a problem with this file Sir, if i may According to the data given i believe it is calculating profit as per LIFO method...am i right???Upgrade to CAclubindia Pro. Subscribe Now!BHAGYASHREE KOLI (2 Points)...