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.
The total inventory cost for a year for a business is simply the sum of the carrying cost and the ordering cost. The total inventory cost formula is below, and the total inventory cost calculator can be found on this website. C=Carrying cost per unit of inventory. Q=Inventory order size (quantity).We can see by the equation above that the carrying cost of inventory can be reduced by reducing the size of Q. This is usually achieved by reducing the amount of capital invested in inventory, as well as the space and expense required to store it.e can determine the ordering cost by calculating the number of orders in a year, and multiply this by the cost of each order. To determine the number of orders we simply divide the total demand (D) of units per year by Q, the size of each inventory order. D=Total demand (units). Q=Inventory order size (quantity).