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I do use FIFO costing but use current retail prices for sales. Otherwords as stock is sold it wrote off at the first in cost and when that is used up it is next cost that is wrote off. So I actually make a little extra on in stock if retail goes up before I sale the items. Or if find the item on sale at another source.
And besides the part here is also currently available in after market for about $3 ea so I ordering a dozen for stock which is enough to do four saws. Then I can either sale them at Stens or Husqvarna retail. Just depends on how greedy I get.
But it can hurt using price files is when the items go down in retail if the margins are too close.
And besides the part here is also currently available in after market for about $3 ea so I ordering a dozen for stock which is enough to do four saws. Then I can either sale them at Stens or Husqvarna retail. Just depends on how greedy I get.
But it can hurt using price files is when the items go down in retail if the margins are too close.