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FIFO (First-In-First-Out) Method - PERPETUAL Example
11:15
YouTubeCounttuts
FIFO (First-In-First-Out) Method - PERPETUAL Example
In this accounting lesson, you will learn how to record inventory using the FIFO (First In First Out) Inventory costing under the Perpetual Inventory System. We go through an explanation and thorough example of how to calculate the value of closing inventory using the First In First Out (FIFO) Perpetual Method. First In First Out (FIFO ...
148.4K viewsDec 8, 2018
FIFO and LIFO accounting FIFO and LIFO Explained
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