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Using FIFO, you calculate the cost of goods sold expense as follows: In short, you use the first three units to calculate cost of goods sold expense. The cost of the ending inventory asset, then, is $106, which is the cost of the most recent acquisition.The $412 total cost of the four units is divided between $306 cost of goods sold expense for the three units sold and the $106 cost of the one unit in ending inventory.The total cost has been accounted for; nothing has fallen between the cracks.he $412 total cost of the four units is divided between $306 cost of goods sold expense for the three units sold and the $106 cost of the one unit in ending inventory. The total cost has been accounted for; nothing has fallen between the cracks.
A spirometer that is easy-to-use, accurate, efficient, and cost effective can be one of the best physician office investments available. For proof, take a look at our ROI calculator. The average price of a good spirometer is about $2000. It should last about 10 years and can pay for itself in weeks. Remember, having a higher quality product means less cost in the long run. Today, choosing the right spirometer company is as important as choosing the right spirometer.