PRICING OF MATERIALS ISSUE- FIRST IN FIRST OUT METHOD (FIFO) Solved Problem: - By Dr.C.L.Jeba Melvin

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[PRICING OF MATERIALS ISSUE] - STORES LEDGER ACCOUNT - FIRST IN FIRST OUT METHOD (FIFO) with solved problem [தமிழ்] : -
1. ANNUITY METHOD|DEPRECIATION|ACCOUNTING FOR MANAGEMENT|FINANCIAL ACCOUNTING|:- By Dr.C.L.Jeba Melvin    • ANNUITY METHOD|DEPRECIATION|ACCOUNTIN...  
2. DEPRECIATION|WRITTEN DOWN VALUE METHOD|DIMINISHING BALANCE METHOD|solved problem: Dr.C.L.Jeba Melvin    • DEPRECIATION|WRITTEN DOWN VALUE METHO...  
3. DEPRECIATION|STRAIGHT LINE METHOD| ORIGINAL COST METHOD|FIXED INSTALMENT METHOD| Dr.C.L.Jeba Melvin    • DEPRECIATION|STRAIGHT LINE METHOD| OR...  
4. TRADING AND PROFIT & LOSS A/C|BALANCE SHEET |Adjustments| FINANCIAL ACCOUNTING|By Dr.C.L.Jeba Melvin    • TRADING AND PROFIT & LOSS A/C|BALANCE...  
5. MINI-PROJECT|BBA-BCOM|25-Mini-Project-Titles|Field Survey|Model Online Survey|Online Questionnaire    • MINI-PROJECT|BBA-BCOM|25-Mini-Project...  
6. TRADING AND PROFIT & LOSS A/C AND BALANCE SHEET |FINANCIAL ACCOUNTING| By Dr.C.L.Jeba Melvin    • TRADING AND PROFIT & LOSS A/C AND BAL...  
7. BALANCE SHEET | PURPOSE | ACCOUNTING FOR MANAGEMENT | FINANCIAL ACCOUNTING | By:- Dr.C.L.Jeba Melvin    • BALANCE SHEET | PURPOSE | ACCOUNTING ...  
8. TRADING AND PROFIT & LOSS A/C|ACCOUNTING FOR MANAGEMENT|FINANCIAL ACCOUNTING| By Dr.C.L.Jeba Melvin    • TRADING AND PROFIT & LOSS A/C|ACCOUNT...  
9. TRIAL BALANCE|LEDGER|JOURNAL|ACCOUNTING FOR MANAGEMENT|FINANCIAL ACCOUNTING|:-By Dr.C.L.Jeba Melvin    • TRIAL BALANCE|LEDGER|JOURNAL|ACCOUNTI...  
10. JOURNAL | Compound Entry | ACCOUNTING FOR MANAGEMENT|FINANCIAL ACCOUNTING|:- By Dr.C.L.Jeba Melvin    • JOURNAL | Compound Entry | ACCOUNTING...  
11. JOURNAL-EXERCISE|ACCOUNTING FOR MANAGEMENT|FINANCIAL ACCOUNTING|:- By Dr.C.L.Jeba Melvin    • JOURNAL-EXERCISE|ACCOUNTING FOR MANAG...  
12. Golden Accounting Rules|Dr.C.L.Jeba Melvin    • Golden Accounting Rules|Dr.C.L.Jeba M...  
13. USERS OF ACCOUNTING INFORMATION|ACCOUNTING FOR MANAGEMENT | FINANCIAL ACCOUNTING:-Dr.C.L.Jeba Melvin    • USERS OF ACCOUNTING INFORMATION|ACCOU...  
14. FUNCTIONS OF ACCOUNTING | FINANCIAL ACCOUNTING | ACCOUNTING FOR MANAGEMENT:- By Dr.C.L.Jeba Melvin    • FUNCTIONS OF ACCOUNTING | FINANCIAL A...  
15. NET PRESENT VALUE | NPV | CAPITAL BUDGETING – with solved problem: By Dr.C.L.Jeba Melvin    • NET PRESENT VALUE | NPV | CAPITAL BUD...  
16. ACCOUNTING RATE OF RETURN | ARR | CAPITAL BUDGETING | with solved problem:- By Dr.C.L.Jeba Melvin    • ACCOUNTING RATE OF RETURN | ARR | CAP...  
17. CAPITAL INVESTMENT DECISIONS [CAPITAL BUDGETING] :- By Dr.C.L.Jeba Melvin    • CAPITAL INVESTMENT DECISIONS [CAPITAL...  
18. PAY BACK PERIOD METHOD [CAPITAL BUDGETING] – with solved problem:- By Dr.C.L.Jeba Melvin    • PAY BACK PERIOD METHOD [CAPITAL BUDGE...  
19. BREAK EVEN POINT & MARGIN OF SAFETY [BREAK EVEN ANALYSIS]–with solved problem: By Dr.C.L.Jeba Melvin    • BREAK EVEN POINT & MARGIN OF SAFETY [...  
20. BREAK EVEN POINT (BEP) & P/V RATIO [BREAK EVEN ANALYSIS]–with solved problem:- By Dr.C.L.Jeba Melvin    • BREAK EVEN POINT (BEP) & P/V RATIO [B...  
21. BREAK EVEN CHART [BREAK EVEN ANALYSIS] – with solved problem:- By Dr.C.L.Jeba Melvin    • BREAK EVEN CHART [BREAK EVEN ANALYSIS...  
22. WEIGHTED AVERAGE METHOD - INVENTORY VALUATION – with solved problem: - By Dr.C.L.Jeba Melvin    • WEIGHTED AVERAGE METHOD - INVENTORY V...  
23. INVENTORY VALUATION - SIMPLE AVERAGE METHOD - with solved problem: - By Dr.C.L.Jeba Melvin    • INVENTORY VALUATION - SIMPLE AVERAGE ...  
24. HIGHEST IN FIRST OUT METHOD(HIFO) - STORES LEDGER ACCOUNT - solved problem: - By Dr.C.L.Jeba Melvin    • HIGHEST IN FIRST OUT METHOD(HIFO) - S...  
25. HIGHEST IN FIRST OUT METHOD(HIFO) - STORES LEDGER ACCOUNT - solved problem: - By Dr.C.L.Jeba Melvin    • HIGHEST IN FIRST OUT METHOD(HIFO) - S...  
26. STORES LEDGER ACCOUNT - LAST IN FIRST OUT METHOD (LIFO) with solved problem: - By Dr.C.L.Jeba Melvin    • STORES LEDGER ACCOUNT - LAST IN FIRST...  
PRICING OF MATERIALS ISSUE- FIRST IN FIRST OUT METHOD (FIFO) Solved Problem: - By Dr.C.L.Jeba Melvin    • PRICING OF MATERIALS ISSUE- FIRST IN ...  

It is a ledger account in order to maintain inventory of goods. It consists of details regarding receipts (purchases) and issues (supply for production or sales). By balancing this account we get to know the inventory in hand as on a particular date.
This episode consists of Stores ledger account (FIFO) problem with solution. This video is useful for the BBA/BBM/BCom students.
Best Regards,
Dr.C.L.Jeba Melvin, M.Com.,M.B.A.,M.Phil.,Ph.D
Associate Professor & Head of Research Centre
Department of Management Studies
Nesamony Memorial Christian College
Marthandam - 629165, Kanyakumari District
Tamil Nadu, INDIA
E.Mail: [email protected]