FIFO Inventory Method
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- čas přidán 30. 08. 2014
- This video explains how to compute cost of goods sold and ending inventory using the FIFO (first in, first out) inventory cost assumption. An example is provided to illustrate how FIFO is used to calculate COGS and inventory.
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this just explained Fifo better than my textbook/professor
You explained this better in 8 minutes than my professor did in an hour, thank you so much!
Sir, Your videos are simply clear and easy to understand. you are an amazing teacher. Thank you Sir.
I’ve been trying to figure all this out for the past 2 hours (literally). Lots of crying. You literally explained it SO well. Thank you!
I just love how much this helped me with my accounting homework and exam when my college has turned to all online due to covid19 thank you!!!
I've learned more from this one video than I did in a whole semester
You make this sound so much easier than my lecturer overcomplicating this and me feeling confused and lost, thank you so much, you’ve saved my life
Thank you sir. I was actually struggling with FIFO and LIFO in my financial accounting class. You explained it perfectly. I now understand.
My friend, I have to say I have dug though a ton of CZcams videos regarding the FIFO Inventory Method and never have I ever been able to fully understand how this works watching the video just one time. You've been able to display this information in such a way that I only needed to watch it one time! So with that being said, thank you good sir! Keep doing what your doing! Wonderful Wonderful Wonderful Job!!!
I wish I had you as a professor everything you teach makes clear sense
BLESS IT TOOK ME AN HR TO ACTUALLY FIND YOUR VID AND HELP ME UNDERSTAND MY ACCOUNTING HOMEWORK
I'm doing marketing and this has helped me understand FAR better than any textbooks or teachers.
Thank you for this, extremely helpful. I wish teachers recommended more videos like this instead of reciting the textbook.
Thank you so much!!
This was great! According to the example in my online course, we started with ending inventory.The explanation was difficult to understand. After watching this It made sense and i figured out the correct answers. Thank you!!
Thank you for this video. My teacher just threw in numbers and started calculating. You gave very clear directions and a great example. Thank you so much for this! I finally understand it :D
This was BEYOND helpful. I wish all professors taught this way.
Thank god you posted this video! I've been cramming for finals and this is absolutely the best reference I could find for a step by step analysis of how to calculate the necessary accounts using fifo and lifo. Thank you for spreading your knowledge!!
i would just like to say you explained this better in just 8 minutes than my teacher i paid $300 for. thank you 🤦🏼♀️😂
You teach way better than my professor. Million thanks