Inventory: Periodic FIFO, LIFO & Average Cost Flows (Lesson 6.2)

In this video, I discuss cost flow assumptions/methods for the PERIODIC inventory system. These include FIFO, LIFO, and Weighted Average cost assumptions. These ideas repeat, when considering the PERPETUAL system, so this is a great starting point (even if your class is only covering the PERPETUAL system) to get the basics of these methods! If this video was helpful to you, please LIKE, COMMENT, and SUBSCRIBE to help me grow this channel! If you would like to support my work, you may do so here: https://ko-fi.com/phdnotrequired #accounting #business #tutoring #education #financialaccounting #college