Inventory Valuation Methods: Specific Identification, FIFO, LIFO & Weighted Average
9:37
Study.comSherri Hartzell
Inventory Valuation Methods: Specific Identification, FIFO, LIFO & Weighted Average
Inventory valuation methods are ways that companies place a monetary value on the items they have in their inventory. Discover different inventory valuation methods, including specific identification, First-In-First-Out (FIFO), Last-In-First-Out (LIFO), and weighted average.
52K viewsAug 19, 2014
Related Products
FIFO Method Examples
FIFO Template
FIFO Calendar
#FIFO and LIFO accounting FIFO and LIFO Explained
Replying to @i in intro accounting class we learn three inventory cost flow assumptions (specific identification tracks each item and is therefore not an assumption): FIFO (first-in first-out), LIFO (last-in first-out), and average cost. We use these to compute our cost of goods sold. Even though perpetual inventory systems are much more common for large companies, I illustrate these cost flow assumptions using a periodic system. #accounting #study #explained #inventory #lifo #fifo #averagecost
Replying to @i in intro accounting class we learn three inventory cost flow assumptions (specific identification tracks each item and is therefore not an assumption): FIFO (first-in first-out), LIFO (last-in first-out), and average cost. We use these to compute our cost of goods sold. Even though perpetual inventory systems are much more common for large companies, I illustrate these cost flow assumptions using a periodic system. #accounting #study #explained #inventory #lifo #fifo #averagecost
TikTokOct 29, 2024
LIFO Inventory Method
LIFO Inventory Method
YouTubeAug 31, 2014
Top videos
What is the FIFO Method and How Can it Be Used?
What is the FIFO Method and How Can it Be Used?
shipbob.com
6 months ago
How to Create a FIFO Excel Spreadsheet | Sapling
How to Create a FIFO Excel Spreadsheet | Sapling
sapling.com
Apr 2, 2010
The FIFO Method: First In, First Out
The FIFO Method: First In, First Out
investopedia.com
8 months ago
FIFO and LIFO accounting FIFO and LIFO Examples
FIFO vs LIFO | Which is the Best Inventory Valuation Method?
FIFO vs LIFO | Which is the Best Inventory Valuation Method?
wallstreetmojo.com
Nov 8, 2016
Inventory Part1: Types, Valuation & FIFO/LIFO Examples
6:39
Inventory Part1: Types, Valuation & FIFO/LIFO Examples
YouTubeAccEasy
5 views1 month ago
LIFO (Perpetual Inventory)
7:41
LIFO (Perpetual Inventory)
YouTubeSteven Force
29.8K viewsMar 26, 2020
What is the FIFO Method and How Can it Be Used?
What is the FIFO Method and How Can it Be Used?
6 months ago
shipbob.com
How to Create a FIFO Excel Spreadsheet | Sapling
How to Create a FIFO Excel Spreadsheet | Sapling
Apr 2, 2010
sapling.com
The FIFO Method: First In, First Out
The FIFO Method: First In, First Out
8 months ago
investopedia.com
How to use FIFO Block in TIA Portal? - Siemens PLC Programming
3:26
How to use FIFO Block in TIA Portal? - Siemens PLC Programmi…
Mar 20, 2022
instrumentationtools.com
LIFO Inventory Method
8:13
LIFO Inventory Method
432.4K viewsAug 31, 2014
YouTubeEdspira
FIFO Inventory Accounting Method EXPLAINED | First In, First Out Inventory Cost Flow
FIFO Inventory Accounting Method EXPLAINED | First In, First Out Inv…
71.6K viewsApr 3, 2021
YouTubeLeila Gharani
FIFO Perpetual Inventory Method
5:44
FIFO Perpetual Inventory Method
105K viewsSep 26, 2018
YouTubeEdspira
4:42
LIFO Periodic Inventory Method
60.1K viewsOct 1, 2018
YouTubeEdspira
10:59
FIFO vs LIFO example
110.2K viewsNov 20, 2018
YouTubeThe Finance Storyteller
18:29
FIFO Accounting - Beginners Approach [FIFO]
16.8K viewsApr 15, 2018
YouTubeHS Tutorial
9:04
Introduction To FIFO Design/FIFO-part 1
33.4K viewsOct 7, 2019
YouTubeKarthik Vippala
14:07
FA 32 - Inventory - FIFO Method
110.2K viewsMar 4, 2020
YouTubeTony Bell
13:40
Inventory and COGS: LIFO vs FIFO
26.3K viewsJun 10, 2014
YouTubeMergers & Inquisitions / Breaking Into Wall Street
6:46
FA 33 - Inventory - LIFO Method
46.7K viewsAug 26, 2019
YouTubeTony Bell
6:39
The Difference between LIFO and FIFO
39.3K viewsAug 12, 2018
YouTubeWolvesAndFinance
2:03
What is FIFO (flow management)
33.4K viewsJan 18, 2014
YouTubeHohmannChristian
2:12
Calculate Ending Inventory Using the FIFO Method
92K viewsSep 28, 2018
YouTubeEd Kaplan
7:53
Cost Per Equivalent Unit, FIFO Method, Part 1
236.5K viewsApr 29, 2015
YouTubeEdspira
0:15
FIFO Excel Template: Automate Inventory flow to COGS
19.9K viewsFeb 11, 2018
YouTubeZK L (eXcel4Routine)
5:05
9.9 Completing Stock Cards using FIFO
37.8K viewsApr 11, 2015
YouTubeMichael Allison (VCE Accounting Videos)
6:53
How to Calculate LIFO Inventory (Step By Step)
57.1K viewsNov 16, 2019
YouTubeAccounting University
10:57
Excel Tutorial - FIFO Accounting Part 1 (First In First Out)
28.3K viewsOct 30, 2020
YouTubeMagic Monk
6:32
How to Calculate FIFO Inventory (The Easy Way)
111.8K viewsNov 16, 2019
YouTubeAccounting University
7:54
FIFO Inventory Accounting (FIFO Costing, Perpetual Inventory Vs P…
10.6K viewsNov 4, 2012
YouTubeAllen Mursau
17:55
Excel Tutorial - FIFO Accounting Part 2 (First In First Out)
19.8K viewsNov 5, 2020
YouTubeMagic Monk
9:46
Excel FIFO multiple products. No VBA!!!
29.7K viewsAug 5, 2017
YouTubeCostViewer
17:47
What is a FIFO in an FPGA
82K viewsMay 4, 2017
YouTubenandland
13:00
LIFO And FIFO Inventory Accounting (Perpetual Inventory V…
158.8K viewsNov 4, 2012
YouTubeAllen Mursau
1:01
FIFO (First in, First out) Warehouse Management Method | Logistics Bl…
19.5K viewsMay 24, 2021
YouTubeAR Racking - Storage Solutions
See more videos
Static thumbnail place holder