Inventory

Inventory Tutorial. This video aims to help everyone, especially students taking accounting courses, to understand the general concept and measurement of Inventories. Subscribe to our channel to be updated on the release of the next videos. Contents: 0:00 - Start 0:53 - Definition of Inventory 4:16 - Classes of Inventories 14:36 - Work in Process 25:00 - Ownership of Inventory: Shipping and Other Terms 45:40 - Ownership Summary 49:13 - Measurement 50:08 - Measurement: Cost 59:52 - Illustration: Cost of Merchandise Inventory 1:02:20 - Illustration: Cost of Manufactured Inventory 1:07:34 - Measurement: Net Realizable Value 1:10:36 - Inventory Writedown 1:13:43 - Illustration: Inventory Writedown 1:25:58 - Consignment 1:27:15 - Illustration: Consignment 1:31:50 - Purchase Commitment 1:33:33 - Illustration: Purchase Commitment 1:40:00 - Presentation of Inventory Facebook Page:   / akawntingpage   Youtube Channel:    / akawnting   Visit our blog: https://akawnting.com