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Under strict scrutiny analysis, to demonstrate that a government action is constitutional, the government must demonstrate that:
FIFO
An inventory valuation method (First In, First Out) where the costs of the earliest goods purchased are the first to be recognized in determining cost of goods sold.
LIFO
Last In, First Out, an inventory valuation method where the most recently produced or purchased items are recorded as sold first.
Perpetual FIFO Method
An inventory costing method where goods are assumed to be sold in the order they are acquired, continuously updated to reflect inventory levels and cost of goods sold.
Inventory Flow
The movement and management of goods from procurement of raw materials to the sale of finished products to customers, including all stages of production and warehousing.
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