#fifo #lifo In this episode, you will learn how to manage inventory. It is an important part of running a business. Managing inventory (also known as stock) properly includes choosing an inventory valuation method; this video gives an overview of the first-in-first-out (FIFO), last-in-first-out (LIFO). *****BOOKS I RECOMMEND AND READ***** I Will Teach You to Be Rich by Ramit Sethi The Little Book of Common Sense Investing By John C. Bogle The Intelligent Investor by Benjamin Graham The Black Swan By Nassim Teleb The Richest Man In Babylon By George S. Clason Think and Grow Rich by Napoleon Hill ***Free E-Book and Audio-Book*** Check www.simplechew.com or Link http://eepurl.com/g8rBi5*** Investment 101*** SimpleChew do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Instagram: http://www.Instagram.com/realsimplechew Facebook: https://www.facebook.com/simpleChew Based in Boston. #honduras Hank Henriquez DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you.