Notes were introduced (some dated 1949) in denominations of 5, 10 and 50 jeon, and 100 and 1,000 won. In 1953, a series of banknotes was issued which, although it gave the denominations in English in won, were, in fact, the first issues of the hwan. Of these commodities, millet white rice was valued a […]
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For example, businesses with a beginning inventory of perishable goods will usually choose FIFO, since it’s in their best interest to sell older products before they expire. Using the appropriate inventory valuation system can help track real inventory management practices. Since the cost of labor and materials is always changing, FIFO is an effective method […]
