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Financial Accounting – Inventory Costs

Financial Accounting – Inventory Costs

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Financial Accounting – Inventory Costs

Financial Accounting – Inventory Costs, Inventory cost flow assumptions - First In First Out (FIFO), Last In Firs Out (LIFO), Weighted Average Methods

Created by Robert (Bob) Steele

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What Will I Learn?
  • Inventory Costing
  • First In First Out (FIFO) cost flow method
  • Last In First Out (LIFO) cost flow method
  • Weighted average cost flow method
  • Periodic inventory method
  • Perpetual inventory method
Requirements
  • We should have a basic understanding of financial accounting and debits and credits.
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