FA31 - Inventory - FIFO, LIFO, Weighted Average Explained

Go to: http://www.accountingworkbook.com/ to download the problems. If you'd like to become a member an gain access to over 100 "Members Only" tutorial videos found on http://www.accountingworkbook.com/ - click the join button or click this link:    / @tony-bell   Module 7 examines inventory methods of tracking inventory. It explores the differences between FIFO, LIFO and Weighted Average inventory methods. You will learn to prepare inventory records and to record the journal entries related to tracking inventory.