Confidence votes 169. Invictus, meaning unconquerable or undefeated in Latin, is a poem by William Ernest Henley. The poem was written while Henley was in the hospital being treated for tuberculosis of the bone, also known as Pott's disease.
separate your inventory cost from the total price on your inventory invoice the inventory cost includes the costs for the items you purchased without consideration of taxes shipping or delivery your inventory cost is also referred to as the list price determine the sales tax you paid for the inventory in general the sales tax is listed at the bottom of your invoice debit your inventory account with the amount of your inventory cost entering the amount as a debit or negative figure results in an increase to the book value of your inventory
With LIFO, you use the last three units to calculate cost of goods sold expense. The ending inventory cost of the one unit not sold is $100, which is the oldest cost. The $412 total cost of the four units acquired less the $312 cost of goods sold expense leaves $100 in the inventory asset account.