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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There are three different types of diet pills that you can buy. 1  Prescription weight loss pills are medications that you would get through your doctor. Non-prescription or over-the-counter (OTC) diet pills are medications that don't require a prescription. And finally, there are herbal supplements for weight loss that you'll find in many vitamin shops and drug stores.