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The last you purchased is the first out. Example: I buy three books: Book 1 = $1, Book 2 = $2, Book 3 = $3. I resell them. Book 3 is the first to leave. The ending inventory is the sum of Book 1 and Book 2

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1. The last you purchased is the first out. Example: I buy three books: Book 1 = $1, Book 2 = $2, Book 3 = $3. I resell them. Book 3 is the first to leave. The ending inventory is the sum of Book 1 and Book 2





 
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