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Re: specutator post# 111855

Wednesday, 09/23/2015 9:08:11 AM

Wednesday, September 23, 2015 9:08:11 AM

Post# of 123645
All of that is irrelevant. The numbers are going to be close to the same regardless of inventory rotation. Average prices are not going to fluctuate either as MRIB only has a single product and single SKU. It's all very simple. FIFO, LIFO, whatever method you want to use. It's product taken out of inventory to fulfill sales. How it's done isn't going to have any significant impact on the financials. If anything I was generous and the numbers could be much higher indicating even less in sales. I also qualified it by saying it was simplified and the specific detailed accounting would probably show a few thosand dollars difference versus a zero sum result. But the variation wouldn't be very much.