In periods of declining materials prices, the FIFO method yields the same results. The cost flow assumption is a minor item when inventory costs are relatively stable over the long term, since there will be no particular difference in the cost of goods sold, no matter which cost flow assumption is used.or example: 1  FIFO cost flow assumption. 2  Under the first in, first out method, you assume that the first item purchased is also the first one sold. 3  Thus, the cost of goods sold would be $50. 4  Since this is the lowest-cost item in the example, profits would be highest under FIFO. 5  LIFO cost flow assumption.
Best Answer: PhD means doctor of philosophy MSc is master of science if u did medcine, u would have MBBS, which is a double degree in medicine and science.est Answer: PhD means doctor of philosophy MSc is master of science if u did medcine, u would have MBBS, which is a double degree in medicine and science.
A doctorate degree, such as a Doctor of Philosophy (Ph.D), is considered the highest academic degree in a particular field of study in some countries, including the United States. These degrees are considered terminal because there is no higher degree that can be awarded.