Learn How to Calculate Inventory and COGS in 10 Minutes!
10:12
YouTubeAccounting with Iana Zemniakova, CPA
Learn How to Calculate Inventory and COGS in 10 Minutes!
Today we will continue with inventory and COGS and look at an example where the cost of inventory and cost of goods sold are calculated under the perioding system using three costing methods the first-in, first-out or FIFO method, the last-in, first-out or LIFO method, and the average cost method. Recommended video: Inventory Valuation Methods ...
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