FIFO (first-in, first-out) â assumes that the first goods purchased or produced are the first goods sold. Ending inventory is valued at the most recent purchase or production costs. LIFO (last-in, first-out) â assumes that the most recent goods purchased or produced are the first goods sold.
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Birth control pills can differ not only in the number of active ingredients, but also in the way ingredients are dosed: Monophasic birth control pills contain the same amount of ingredient in each active pill. Multiphasic birth control pills contain varying levels of hormones through the month.