Photos are intended for general color reference only. Refer to Color Chart for actual color samples. Hawthorne Starfire Acrylic Urethane Auto Paint is a premium quality, single-stage OEM/Refinishing System which provides excellent gloss and durability in an easy to apply economical single-stage package.
Different cost of goods sold and inventory values us ually result from different cost flow assumptions. During periods of rising prices, FIFO produces lower cost of goods sold, higher ending inventory, and. higher gross profit (and income) than LIFO because FIFO includes the oldest and lowest costs in cost.
Inventory Costing Methodologies. Inventory Costing is the method by which costs are recorded and applied to the valuation of inventory. In a simple world, you would record the cost against each specific item purchased and then recognise this as the cost when selling the product. However, this is not always possible or economically viable.