Express: Inventory Cost Outflows

Topics:

  • Cost of sales and inventories basics
    • First-In-First-Out (FIFO) cost method
    • Last-In-First-Out (LIFO) cost method
    • Weighted average cost method
    • Measurement
    • Perpetual and periodic systems
    • Entries
  • LIFO liquidations and LIFO reserve reversals
  • Inventory impairments

Express Video: [38 min]

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