We study invariants for shifts of finite type obtained as the K-theory of various C ~*-algebras associated with them. These invariants have been studied intensively over the past thirty years since their introduction by Wolfgang Krieger. They may be given quite concrete descriptions as inductive limits of simplicially ordered free abelian groups. Shifts of finite type are special cases of Smale spaces and, in earlier work, the second author has shown that the hyperbolic structure of the dynamics in a Smale space induces natural ring and module structures on certain of these K-groups. Here, we restrict our attention to the special case of shifts of finite type and obtain explicit descriptions in terms of the inductive limits.
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