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.
After inventory close, the on hand inventory will be a quantity of 1 with a running average cost price of USD 15.00. The following diagram illustrates this series of transactions with the effects of choosing the Weighted average inventory model and the direct settlement principle with the Include physical value option.nventory financial issue updated for a quantity of 1 at a cost of USD 13.50 each (running average cost, since the physical receipt value is taken into consideration). 5a. Inventory physical receipt updated for a quantity of 1 at a cost of USD 14.00 each.