LIFO Inventory Method
8:13
YouTubeEdspira
LIFO Inventory Method
This video explains the LIFO inventory cost assumption (last in, first out). An example is provided to illustrate how LIFO is used to calculate cost of goods sold and ending inventory. — Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high ...
432.4K viewsAug 31, 2014
Inventory Costing Methods Explained
Inventory Valuation Costing Method | FIFO | How Cost of Goods Sold (COGS) Is Booked | Pinky Shah 🇮🇳
Inventory Valuation Costing Method | FIFO | How Cost of Goods Sold (COGS) Is Booked | Pinky Shah 🇮🇳
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