05:52duration 5 minutes 52 seconds
D503-Ch10-Vid-C
20:32duration 20 minutes 32 seconds
A186 05-3 Accounting for Receivables &…
A186 05-3 Accounting for Receivables & Inventory Cost Flow
04:09duration 4 minutes 9 seconds
LIFO Perpetual
LIFO concepts applied every time we make a sale or prepare financial statements. Isn't that sweet?
03:04duration 3 minutes 4 seconds
LIFO Periodic
Still the dreaded LIFO method, but at least we need only apply it once a period.
05:13duration 5 minutes 13 seconds
FIFO Periodic
Check this out - FIFO periodic and FIFO perpetual provide the same result for financial reporting.