El Pollo Loco Beverages: Per 1 serving - Calories: 100kcal | Fat: 0.00g | Carbs: 27.00g | Protein: 0.00g. Per 1 serving - Calories: 310kcal | Fat: 0.00g | Carbs: 86.00g | Protein: 0.00g. Per 1 serving - Calories: 260kcal | Fat: 0.00g | Carbs: 70.00g | Protein: 0.00g. Per 1 serving - Calories: 150kcal | Fat: 0.00g | Carbs: 42.00g | Protein: 0.00g.
The FIFO flow concept is a logical one for a business to follow, since selling off the oldest goods first reduces the risk of obsolescence. Under the FIFO method, the earliest goods purchased are the first ones removed from the inventory account.
There are actually 5 valuation methods in GP, two of which are Standard but use LIFO or FIFO. LIFO/FIFO Perpetual is a form of average costing that add items to inventory at the cost purchased. And builds a stack. Items are removed close to the cost received, depending on the selection of FIFO or LIFO.