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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Prescription Drugs. Prescription drugs are highly beneficial â for the people to whom they are prescribed. When unnecessarily taken, these drugs are very dangerous. Prescription pill use can be categorized by three types: pain relievers, sedatives and tranquilizers, and stimulants.rescription drugs are highly beneficial â for the people to whom they are prescribed. When unnecessarily taken, these drugs are very dangerous. Prescription pill use can be categorized by three types: pain relievers, sedatives and tranquilizers, and stimulants.