Photos are intended for general color reference only. Refer to Color Chart for actual color samples. Hawthorne Starfire Acrylic Urethane Auto Paint is a premium quality, single-stage OEM/Refinishing System which provides excellent gloss and durability in an easy to apply economical single-stage package.
Different cost of goods sold and inventory values us ually result from different cost flow assumptions. During periods of rising prices, FIFO produces lower cost of goods sold, higher ending inventory, and. higher gross profit (and income) than LIFO because FIFO includes the oldest and lowest costs in cost.
Here are a few things to keep in mind when discussing slow-moving and excess inventory: 1  Cash Flow is the life-blood of your business. Selling an item at a very low profit margin or even at a loss is better than it taking up shelf space. 2  Inventory should usually be sold within 90-120 days.