FIFO Vs LIFO Vs Specific identification Method Vs Weighted Average Method ch5

Описание к видео FIFO Vs LIFO Vs Specific identification Method Vs Weighted Average Method ch5

IN this video, I explain FIFO vs LIFO. FIFO (“First-In, First-Out”) assumes that the oldest products in a company's inventory have been sold first and goes by those production costs. The LIFO (“Last-In, First-Out”) method assumes that the most recent products in a company's inventory have been sold first and uses those costs instead.

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