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 and LIFO Accounting Calculator
LIFO FIFO Calculation
Average Costs LIFO FIFO
#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
FIFO Inventory Method
FIFO 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
The FIFO Method: First In, First Out
The FIFO Method: First In, First Out
investopedia.com
8 months ago
Last-In, First-Out (LIFO) Inventory Calculations – Accounting In Focus
Last-In, First-Out (LIFO) Inventory Calculations – Accounting In Focus
accountinginfocus.com
Aug 1, 2014
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
The FIFO Method: First In, First Out
The FIFO Method: First In, First Out
8 months ago
investopedia.com
Last-In, First-Out (LIFO) Inventory Calculations – Accounting In Focus
Last-In, First-Out (LIFO) Inventory Calculations – Accounting In Focus
Aug 1, 2014
accountinginfocus.com
FIFO - Guide to First-In First-Out Inventory Accounting Method
FIFO - Guide to First-In First-Out Inventory Accounting Method
Dec 13, 2021
wallstreetoasis.com
FIFO Inventory Costing
5:49
FIFO Inventory Costing
240.9K viewsAug 28, 2009
YouTubemattfisher64
LIFO (Perpetual Inventory)
7:41
LIFO (Perpetual Inventory)
29.8K viewsMar 26, 2020
YouTubeSteven Force
FIFO Inventory Method
8:05
FIFO Inventory Method
1M viewsAug 31, 2014
YouTubeEdspira
Inventory Methods: FIFO, LIFO, and Weighted Average
1.4K viewsOct 19, 2021
YouTubeFinally Learn
FIFO adjustment from standard costing
4.7K viewsNov 18, 2018
YouTubeThe Finance Storyteller
how to make a fifo formula in excel
46.5K viewsSep 10, 2020
YouTubeShahab Islam
Gross Profit, cost of goods sold and ending inventory LIFO
17K viewsMar 24, 2020
YouTubeJeff Fisher, CPA
12:13
Dollar Value LIFO
106.7K viewsJun 5, 2015
YouTubeEdspira
6:14
LIFO Perpetual Inventory Method
66K viewsOct 3, 2018
YouTubeEdspira
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
9:47
FIFO LIFO Weighted Average Examples
79.4K viewsApr 6, 2015
YouTubeFrom Thought to Thriving
9:06
FIFO vs. LIFO Inventory Accounting
257.1K viewsJun 29, 2015
YouTubeCapterra
4:08
Inventory costing - FIFO, Periodic
127.3K viewsNov 19, 2015
YouTubeBrandy Dudas
14:07
FA 32 - Inventory - FIFO Method
110.2K viewsMar 4, 2020
YouTubeTony Bell
6:46
FA 33 - Inventory - LIFO Method
46.7K viewsAug 26, 2019
YouTubeTony Bell
49:12
Stock Valuation | FIFO LIFO AVCO | Inventory Valuation
58.2K viewsApr 3, 2020
YouTubeadapttuition
6:39
The Difference between LIFO and FIFO
39.3K viewsAug 12, 2018
YouTubeWolvesAndFinance
2:12
Calculate Ending Inventory Using the FIFO Method
92K viewsSep 28, 2018
YouTubeEd Kaplan
6:42
CFA Level I FRA - LIFO to FIFO Statement Conversion
Jan 9, 2020
YouTubePrepNuggets
7:53
Cost Per Equivalent Unit, FIFO Method, Part 1
236.5K viewsApr 29, 2015
YouTubeEdspira
5:51
FIFO Stock Valuation using Excel
10.7K viewsMay 6, 2021
YouTubeExcel Kida
6:53
How to Calculate LIFO Inventory (Step By Step)
57.1K viewsNov 16, 2019
YouTubeAccounting University
11:59
FA31 - Inventory - FIFO, LIFO, Weighted Average Explained
189.5K viewsAug 26, 2019
YouTubeTony Bell
See more videos
Static thumbnail place holder